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Johannesburg - The JSE’s three-day rally paused on Tuesday amid a lack of fresh catalysts‚ while the selloff in African Bank Investments shares extended into its third straight session.
At 12:26‚ the JSE All Share [JSE:J203] index was flat (0.08%) at 39 860.74 points‚ while the Top 40 - (Tradeable) [JSE:J200] blue-chip index edged up 0.11%. Banks and platinum stocks lifted 0.70% and 0.51% respectively.
The local bourse has gained 2.88% this month.
“The market is lacking traction‚ with gold shares remaining the worst of the bunch‚ while diversified miners are looking better due to a bounce in base metals‚” said Ryan Wibberley‚ equity dealer at Investec Asset Management.
Top European share markets were positive at noon‚ with London’s FTSE 100 gaining 0.38% while US stock futures pointed a positive open on Wall Street.
Among individual stocks on the JSE‚ Abil was down 2.37% to R22.20‚ still under pressure following last week’s disappointing trading update.
Diversified miner BHP Billiton (BIL) was up 1.72% to R264.27‚ while Sasol (SOL) gave back 1.32% to R395.20.
On some bargain hunting in the market both Aquarius Platinum (AQP) lifted 6.78% to R6.30 and Lonmin (LON) rallied 6.10% to R41.93.
Discovery shed 2.82% to R82.11.
