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Johannesburg - The JSE ended the day a shade lower as US markets started trade.
A local trader said: "The JSE started off flattish, but gold share prices came under a lot of pressure, however the market managed to get into positive territory, but as the US came in, we weakened a little."
He said there was not much in the way of economic data of any significance lately.
At 17:00 local time, the JSE all-share index was down 0.11%, as gold miners declined 3.17% and resources surrendered 0.95%. Platinum shares appreciated 0.39%.
Banks lifted 1.78%, financials advanced 0.61% and industrial counters gained 0.32%.
The rand was bid at 8.14 to the dollar from 8.17 at the JSE's close on Friday. Gold traded at US$1,573.70 a troy ounce from US$1,612.13 at the JSE's previous close, while platinum was quoted at US$1,399/oz, from US$1,437.50/oz at the previous close.
Dow Jones Newswires reported that US stocks opened lower, as investors remained cautious heading into the final trading days of the year.
The Dow Jones Industrial Average slipped 0.31% at the time of the JSE close.
Investors are treading water after a four-day run last week that saw the Dow rise 4.5%. On Tuesday, the Dow slipped three points, but the S&P 500 eked out a gain that extends its winning streak to five days. That day's action came amid the weakest full-day volume of the year, with just over two billion shares changing hands in New York Stock Exchange composite volume. Activity is expected to remain light during the holiday-shortened week.
European markets reversed earlier losses on Wednesday to trade broadly higher as a successful auction of Italian Treasury bills helped lift investor spirits.
Demand for Italian six-month bills increased from the previous auction, and the average yield of 3.251% was half of the 6.504% average, a euro-era high, paid a month earlier for the same maturity.
Stocks had declined earlier as the use of the European Central bank's overnight deposit facility reached a second straight record raised worries that banks would rather park cash there rather than lend it to other banks.
A local trader said: "The JSE started off flattish, but gold share prices came under a lot of pressure, however the market managed to get into positive territory, but as the US came in, we weakened a little."
He said there was not much in the way of economic data of any significance lately.
At 17:00 local time, the JSE all-share index was down 0.11%, as gold miners declined 3.17% and resources surrendered 0.95%. Platinum shares appreciated 0.39%.
Banks lifted 1.78%, financials advanced 0.61% and industrial counters gained 0.32%.
The rand was bid at 8.14 to the dollar from 8.17 at the JSE's close on Friday. Gold traded at US$1,573.70 a troy ounce from US$1,612.13 at the JSE's previous close, while platinum was quoted at US$1,399/oz, from US$1,437.50/oz at the previous close.
Dow Jones Newswires reported that US stocks opened lower, as investors remained cautious heading into the final trading days of the year.
The Dow Jones Industrial Average slipped 0.31% at the time of the JSE close.
Investors are treading water after a four-day run last week that saw the Dow rise 4.5%. On Tuesday, the Dow slipped three points, but the S&P 500 eked out a gain that extends its winning streak to five days. That day's action came amid the weakest full-day volume of the year, with just over two billion shares changing hands in New York Stock Exchange composite volume. Activity is expected to remain light during the holiday-shortened week.
European markets reversed earlier losses on Wednesday to trade broadly higher as a successful auction of Italian Treasury bills helped lift investor spirits.
Demand for Italian six-month bills increased from the previous auction, and the average yield of 3.251% was half of the 6.504% average, a euro-era high, paid a month earlier for the same maturity.
Stocks had declined earlier as the use of the European Central bank's overnight deposit facility reached a second straight record raised worries that banks would rather park cash there rather than lend it to other banks.
