Johannesburg - The JSE edged up in the opening session on
Friday‚ boosted mainly by some buying interest in the resources sector.
Traders‚ however‚ expected some profit taking going into the
weekend‚ after what has been a fairly good week for equity markets.
At 09:25 local time‚ the JSE All Share [JSE:J203] index was
up 0.24% to 34‚373.77 points‚ with resources gaining 0.80%‚ gold shares lifting
1.13% but platinum counters dipped 0.27%.
Financials were flat (0.03%)‚ as were banking stocks (0.01%)
and industrials (-0.02%).
The rand was little changed at R8.19 to the US dollar‚ from
R8.18 at the JSE’s close on Thursday‚ while gold changed hands at $1 584.47 a
troy ounce from $1 587.79/oz at the JSE’s previous close and platinum was
quoted at $1 417.50/oz‚ from $1 411.70/oz previously.
“On the whole‚ it has been a fairly positive week for the
markets. While macroeconomic data continue to be softer‚ the US corporate
earnings have impressed on the upside so far‚” said Devin Shutte‚ a trader at
Leading European share markets opened lower‚ with London’s
FTSE 100 losing 0.30%.
Financial markets are expected to be firmly focused on the
official approval of the Spanish banks’ bail-out‚ Dow Jones Newswires reported.
Eurozone finance ministers are expected today to formally
approve the Spanish memorandum of understanding regarding the country’s banks
Asian markets were mixed‚ with Japan’s Nikkei average ending
the session down 1.43%‚ while the Hang Seng index was flat by 09:25 SA time.