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Johannesburg - The JSE opened flat on Tuesday as markets were awaiting important economic data due out later this week. A local trader said there were also no "significant movements" in share prices.
By 09:13, the JSE all-share index was flat (0.06%), with resources down 0.62%. But banks gained 0.46%, industrials were up 0.28% and financials were 0.27% higher. Platinum miners rose 0.13% while gold miners gained 0.12%.
The rand was bid at R6.71 to the dollar from R6.69 at the JSE's close on Thursday. Gold was quoted at $1 502.92 a troy ounce from $1 505.86/oz at the JSE's previous close, while platinum was at $1 804/oz, from $1 819/oz previously.
The trader added that data to look out for this week would be US first quarter gross domestic product (GDP). He also noted that commodity prices were slightly lower on the back of a stronger dollar.
Dow Jones Newswires reported that Asian stock markets were down on Tuesday, with Tokyo hurt by weak earnings reports from the likes of Nintendo and worries about the impact of last month's natural disasters on corporate Japan.
Japan's Nikkei Stock Average fell 1.1%, South Korea's Kospi Composite lost 0.7%, Hong Kong's Hang Seng Index fell 1.1% and China's Shanghai Composite slipped 0.9%. Australian markets were closed for a public holiday.
Dow Jones Industrial Average futures were down 26 points in screen trade.
In Tokyo, the ill-effects of the March 11 natural disasters and dour earnings from Nintendo and Nidec drove the market sharply lower.
The results set a sombre tone for the earnings season, said Tatsunori Kawai, chief strategist with kabu.com Securities. "These will be the benchmarks for other manufacturers, and investors are adjusting their expectations downwards," he said.
Thirty out of 33 stocks were lower on the Topix. Nidec fell 2.1% after the maker of precision motors for hard drives and automotive systems forecast a fall in operating profit for the current fiscal year, due partly to the March 11 disaster.
Automakers lost ground after ratings agency Standard & Poor's cut its outlook on quake-hit Japanese auto makers on Monday, including Toyota Motor, Nissan Motor and Honda Motor, which saw their domestic production plummet by more than half in March due to supply-chain disruptions.
By 09:13, the JSE all-share index was flat (0.06%), with resources down 0.62%. But banks gained 0.46%, industrials were up 0.28% and financials were 0.27% higher. Platinum miners rose 0.13% while gold miners gained 0.12%.
The rand was bid at R6.71 to the dollar from R6.69 at the JSE's close on Thursday. Gold was quoted at $1 502.92 a troy ounce from $1 505.86/oz at the JSE's previous close, while platinum was at $1 804/oz, from $1 819/oz previously.
The trader added that data to look out for this week would be US first quarter gross domestic product (GDP). He also noted that commodity prices were slightly lower on the back of a stronger dollar.
Dow Jones Newswires reported that Asian stock markets were down on Tuesday, with Tokyo hurt by weak earnings reports from the likes of Nintendo and worries about the impact of last month's natural disasters on corporate Japan.
Japan's Nikkei Stock Average fell 1.1%, South Korea's Kospi Composite lost 0.7%, Hong Kong's Hang Seng Index fell 1.1% and China's Shanghai Composite slipped 0.9%. Australian markets were closed for a public holiday.
Dow Jones Industrial Average futures were down 26 points in screen trade.
In Tokyo, the ill-effects of the March 11 natural disasters and dour earnings from Nintendo and Nidec drove the market sharply lower.
The results set a sombre tone for the earnings season, said Tatsunori Kawai, chief strategist with kabu.com Securities. "These will be the benchmarks for other manufacturers, and investors are adjusting their expectations downwards," he said.
Thirty out of 33 stocks were lower on the Topix. Nidec fell 2.1% after the maker of precision motors for hard drives and automotive systems forecast a fall in operating profit for the current fiscal year, due partly to the March 11 disaster.
Automakers lost ground after ratings agency Standard & Poor's cut its outlook on quake-hit Japanese auto makers on Monday, including Toyota Motor, Nissan Motor and Honda Motor, which saw their domestic production plummet by more than half in March due to supply-chain disruptions.
