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JSE little changed in early trade

Johannesburg - The JSE edged lower at the start of trading on Wednesday‚ in line with leading world markets‚ as continuing global growth worries weighed on investor sentiment.

At 9:39am the JSE All Share [JSE:J203] index was down 0.14% at 36‚019.81 points‚ while the Top 40 - (Tradeable) [JSE:200] index had shed 0.17% to 31‚885.70 points.

“The global backdrop is ... negative. Fears over the global economy and what the US corporate reporting season will bring have combined with a negative International Monetary Fund (IMF) assessment on Spain’s budget to cause a minor bout of risk aversion. Global equities and risk assets already felt the hit yesterday but look to continue the negative tone today‚” RMB analysts said in a note.

European shares were flat to slightly lower at the opening‚ with London’s FTSE 100 slipping 0.17%.

In Asia‚ Japan’s Nikkei 225 closed 1.98% weaker.


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Rand - Dollar
18.92
+0.1%
Rand - Pound
23.88
+0.1%
Rand - Euro
20.39
+0.2%
Rand - Aus dollar
12.32
+0.1%
Rand - Yen
0.13
+0.0%
Platinum
908.05
+1.2%
Palladium
1,014.94
+1.3%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
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