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Johannesburg - The JSE was relatively flat at noon on Monday in lacklustre trade - a feature that was also reflected in leading global stock markets in the absence of fresh market moving data.
At 12:01 local time‚ the JSE All Share [JSE:J203] index was down 0.11% at 33 754.04 points‚ with resources losing 0.44%‚ gold shares shedding 0.49% and platinum miners giving up 0.21%.
Financials lifted 0.45%‚ banking stocks were up 0.77% while industrials shaved off 0.17%.
The rand was trading at 8.27 to the US dollar‚ from 8.26 at the JSE’s close on Friday‚ while gold changed hands at $1 583.95 a troy ounce from $1 593.45/oz at the JSE’s previous close and platinum was quoted at $1 422.50/oz‚ from $1 431.50/oz previously.
“We are seeing some consolidation after a strong finish on the JSE last Friday‚ which was led by mining shares‚” said Francois Venter‚ equity dealer at Investec Asset Management.
European stocks remained slightly lower‚ with London’s FTSE 100 down 0.27% at noon SA time.
Investors are now waiting to see how the rest of the US earnings season will pan out for the world's largest investment banks‚ Dow Jones Newswires reported.
JPMorgan’s second-quarter earnings fell from a year earlier on Friday‚ but exceeded expectations.
Citigroup will release its quarterly earnings later on Monday.
Asian shares ended mixed as Australia was buoyed by rising commodity prices while stocks in mainland China fell to a three-year low.
Chinese investors were spooked by comments made by Premier Wen Jiabao over the weekend that China's economic recovery is not yet stable and that there may be more hardship for some time.
The Hang Seng index closed 0.15% up‚ while Japan’s Nikkei average was closed for a public holiday.
At 12:01 local time‚ the JSE All Share [JSE:J203] index was down 0.11% at 33 754.04 points‚ with resources losing 0.44%‚ gold shares shedding 0.49% and platinum miners giving up 0.21%.
Financials lifted 0.45%‚ banking stocks were up 0.77% while industrials shaved off 0.17%.
The rand was trading at 8.27 to the US dollar‚ from 8.26 at the JSE’s close on Friday‚ while gold changed hands at $1 583.95 a troy ounce from $1 593.45/oz at the JSE’s previous close and platinum was quoted at $1 422.50/oz‚ from $1 431.50/oz previously.
“We are seeing some consolidation after a strong finish on the JSE last Friday‚ which was led by mining shares‚” said Francois Venter‚ equity dealer at Investec Asset Management.
European stocks remained slightly lower‚ with London’s FTSE 100 down 0.27% at noon SA time.
Investors are now waiting to see how the rest of the US earnings season will pan out for the world's largest investment banks‚ Dow Jones Newswires reported.
JPMorgan’s second-quarter earnings fell from a year earlier on Friday‚ but exceeded expectations.
Citigroup will release its quarterly earnings later on Monday.
Asian shares ended mixed as Australia was buoyed by rising commodity prices while stocks in mainland China fell to a three-year low.
Chinese investors were spooked by comments made by Premier Wen Jiabao over the weekend that China's economic recovery is not yet stable and that there may be more hardship for some time.
The Hang Seng index closed 0.15% up‚ while Japan’s Nikkei average was closed for a public holiday.
