Publications
Partners
Johannesburg - The JSE opened flat on Tuesday, as local investors searched for direction in quiet trade.
Resources looked better, while in the banking sector Absa Group [JSE:ASA] rose slightly after releasing its final results.
Yesterday, the market pulled back off its record highs, but closed slightly firmer on the day, a trader said. The benchmark index hit a record level of 33 335.55 at 10:16 local time on Monday.
By 09:17 local time today, the JSE all share index was flat (-0.05%), with platinum miners falling 0.85% and gold counters shedding 0.15%. But resources rose slightly 0.13%. Banks declined 0.48, financials were down 0.24% and industrials lost 0.15%.
The rand was trading at R7.30 to the dollar from R7.28 at the JSE's close on Monday. Gold was quoted at $1 364.55 a troy ounce from $1 365.30/oz at the JSE's previous close, while platinum was at $1 833.50/oz from $1 834.50 before.
"The market opened flattish. We are looking for direction. The US market closed flat, while Asian stocks were mixed," the trader said.
Dow Jones Newswires reported that Asian stock markets were mostly higher on Tuesday as lower-than-expected inflation data in China lifted sentiment, with Shanghai shares gaining on the view that Beijing may not aggressively tighten monetary policy in the near term.
Japan's Nikkei Stock Average rose 0.2%, Australia's S&P/ASX 200 was flat and South Korea's Kospi Composite was 0.3% higher.
The Shanghai Composite Index was up 0.6%, while Hong Kong's Hang Seng Index fell 0.3%, Taiwan's main index gained 0.5% and India's Sensex rose 0.3%.
Dow Jones Industrial Average futures were up one point in screen trade.
Resources looked better, while in the banking sector Absa Group [JSE:ASA] rose slightly after releasing its final results.
Yesterday, the market pulled back off its record highs, but closed slightly firmer on the day, a trader said. The benchmark index hit a record level of 33 335.55 at 10:16 local time on Monday.
By 09:17 local time today, the JSE all share index was flat (-0.05%), with platinum miners falling 0.85% and gold counters shedding 0.15%. But resources rose slightly 0.13%. Banks declined 0.48, financials were down 0.24% and industrials lost 0.15%.
The rand was trading at R7.30 to the dollar from R7.28 at the JSE's close on Monday. Gold was quoted at $1 364.55 a troy ounce from $1 365.30/oz at the JSE's previous close, while platinum was at $1 833.50/oz from $1 834.50 before.
"The market opened flattish. We are looking for direction. The US market closed flat, while Asian stocks were mixed," the trader said.
Dow Jones Newswires reported that Asian stock markets were mostly higher on Tuesday as lower-than-expected inflation data in China lifted sentiment, with Shanghai shares gaining on the view that Beijing may not aggressively tighten monetary policy in the near term.
Japan's Nikkei Stock Average rose 0.2%, Australia's S&P/ASX 200 was flat and South Korea's Kospi Composite was 0.3% higher.
The Shanghai Composite Index was up 0.6%, while Hong Kong's Hang Seng Index fell 0.3%, Taiwan's main index gained 0.5% and India's Sensex rose 0.3%.
Dow Jones Industrial Average futures were up one point in screen trade.
