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Johannesburg - The JSE ended the day fairly flat after a volatile period approaching close.
A local trader said: "The 25 basis point cut from the ECB sparked some buying, but then we pulled back to previous levels, and Greece confirmed that the referendum was going to be scrapped and positive trade came back."
As the market came to a close however, the mild rise pulled back again.
The JSE All Share [JSE:J203] index ended static at 0.05% up, with platinum gaining 1.12%, and resources collecting 0.36%. Gold lost 0.14%.
Financials closed 0.38% lower, banks edged down 0.15% and industrials were flat (0.04%).
The rand was bid at 7.87 to the dollar from 7.96 at the JSE's close on Wednesday. Gold traded at $1 758.27 a troy ounce from $1 743.30/oz at the JSE's previous close, while platinum was at $1 634.20/oz, from $1 614.50/oz previously.
Dow Jones Newswires reported that US stocks pared a morning rally after new European Central Bank President Mario Draghi predicted a "mild" recession in the eurozone
The Dow Jones Industrial Average had risen 0.83% at the time of the JSE's close.
The eurozone headlines overshadowed a batch of modestly positive US economic data. Initial jobless claims fell by 9,000 to a seasonally adjusted 397,000 the week ended Oct 29, the Labor Department said Thursday. In the prior week, jobless claims were revised up to 406,000 from an originally reported 402,000, according to the newly released figures.
In addition, US factory orders rose for the third consecutive month in September, an unexpected gain for a key sector of the economy, while the US non-manufacturing sector saw little change in activity in October, according to the Institute for Supply Management.
European stocks were broadly higher.
Asian bourses ended mostly lower amid uncertainty over eurozone issues.
A local trader said: "The 25 basis point cut from the ECB sparked some buying, but then we pulled back to previous levels, and Greece confirmed that the referendum was going to be scrapped and positive trade came back."
As the market came to a close however, the mild rise pulled back again.
The JSE All Share [JSE:J203] index ended static at 0.05% up, with platinum gaining 1.12%, and resources collecting 0.36%. Gold lost 0.14%.
Financials closed 0.38% lower, banks edged down 0.15% and industrials were flat (0.04%).
The rand was bid at 7.87 to the dollar from 7.96 at the JSE's close on Wednesday. Gold traded at $1 758.27 a troy ounce from $1 743.30/oz at the JSE's previous close, while platinum was at $1 634.20/oz, from $1 614.50/oz previously.
Dow Jones Newswires reported that US stocks pared a morning rally after new European Central Bank President Mario Draghi predicted a "mild" recession in the eurozone
The Dow Jones Industrial Average had risen 0.83% at the time of the JSE's close.
The eurozone headlines overshadowed a batch of modestly positive US economic data. Initial jobless claims fell by 9,000 to a seasonally adjusted 397,000 the week ended Oct 29, the Labor Department said Thursday. In the prior week, jobless claims were revised up to 406,000 from an originally reported 402,000, according to the newly released figures.
In addition, US factory orders rose for the third consecutive month in September, an unexpected gain for a key sector of the economy, while the US non-manufacturing sector saw little change in activity in October, according to the Institute for Supply Management.
European stocks were broadly higher.
Asian bourses ended mostly lower amid uncertainty over eurozone issues.
