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Johannesburg - The JSE opened in flat territory after the long weekend as trade remained quiet over the festive season.
A local trader said that the markets had been steady overseas and the local market had tracked that. There were some elements of concern as Dow futures were down slightly, however there was a larger stroke of optimism underlying trade going into 2012.
He said there had been some good data that had come in from the US. Volatility is still to be expected going forward.
"It still looks to me as though we might see a bit of a push towards the end of the year."
The trader said that people were looking favourably to some talk that there will be some resolution of the European crisis next year.
At 09:27 local time, the JSE All Share [JSE:J203] index was fairly flat (-0.08%). Gold stocks were on the decline down 2.45%, as investors sought to improve their positions and take on risk, resources diminished 0.32% and platinum miners lost 0.16%.
Financials rose 0.47%, banks advanced 0.46% while industrials were static (0.01%).
The rand was bid at R8.16 to the dollar from R8.17 at the JSE's close on Friday. Gold traded at $1 588.62 a troy ounce from $1 612.13 at the JSE's previous close, while platinum was quoted at $1 430.50/oz, from $1 437.50/oz at the previous close.
Dow Jones Newswires reported that Asian stock markets were mostly lower on Wednesday as continuing concern over the sovereign debt crisis in the eurozone outweighed any boost to sentiment from improved consumer confidence data in the US.
European stock markets were likely to start mixed.
A local trader said that the markets had been steady overseas and the local market had tracked that. There were some elements of concern as Dow futures were down slightly, however there was a larger stroke of optimism underlying trade going into 2012.
He said there had been some good data that had come in from the US. Volatility is still to be expected going forward.
"It still looks to me as though we might see a bit of a push towards the end of the year."
The trader said that people were looking favourably to some talk that there will be some resolution of the European crisis next year.
At 09:27 local time, the JSE All Share [JSE:J203] index was fairly flat (-0.08%). Gold stocks were on the decline down 2.45%, as investors sought to improve their positions and take on risk, resources diminished 0.32% and platinum miners lost 0.16%.
Financials rose 0.47%, banks advanced 0.46% while industrials were static (0.01%).
The rand was bid at R8.16 to the dollar from R8.17 at the JSE's close on Friday. Gold traded at $1 588.62 a troy ounce from $1 612.13 at the JSE's previous close, while platinum was quoted at $1 430.50/oz, from $1 437.50/oz at the previous close.
Dow Jones Newswires reported that Asian stock markets were mostly lower on Wednesday as continuing concern over the sovereign debt crisis in the eurozone outweighed any boost to sentiment from improved consumer confidence data in the US.
European stock markets were likely to start mixed.
