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Johannesburg - The JSE remained flat at noon on Tuesday as investors paused following the local bourse's record level of 33 335.55 on Monday.
A local dealer said the market was likely to take a breather for a day or two before the corporate earnings data this week, which would include Anglo American [JSE:AGL] and BHP Billiton [JSE:BIL]
By 12:00 local time, the JSE all-share index was 0.17% lower, with platinum miners a touch higher at 0.13% and gold counters up 0.60%. But resources were 0.52% in negative territory. Banks remained flat at 0.05%, financials were also flat (+0.12%) and industrials were up 0.06%.
The rand was trading at 7.30 to the dollar from 7.28 at the JSE's close on Monday. Gold was quoted at US$1 372.25 a troy ounce from US$1 365.30/oz at the JSE's previous close, while platinum was at $1 842.50/oz from $1 834.50 before.
"The JSE has had a decent run in recent days, culminating in record levels on Monday. I guess investors are taking a breather, and this will likely continue until the announcement this week of the results by the diversified miners such as Anglo American and BHP Billiton. The market will take its cue from that," he said.
Dow Jones Newswires reported that European stocks posted gains on Tuesday, lifted by strength in the banking sector. However, the gains were modest as investors refrained from making any bold moves ahead of a slew of economic data releases.
London's FTSE 100 was almost flat at 6 061.75, Frankfurt's DAX added 0.2% to 7 411.22 and Paris's CAC-40 was 0.4% higher at 4 111.03.
In Asia, stock markets ended mixed on Tuesday as lower-than-expected inflation data from China lifted sentiment, with Shanghai shares gaining on the view that Beijing may not tighten monetary policy aggressively in the near term.
Japan's Nikkei Stock Average closed up 0.2%, Australia's S&P/ASX 200 fell 0.1% and South Korea's Kospi Composite was 0.2% lower. The Shanghai Composite Index was up 0.6%, while Hong Kong's Hang Seng Index fell 1.0%.
China's consumer price index data showed a rise of 4.9% in January from a year earlier, above December's 4.6% rise.
A local dealer said the market was likely to take a breather for a day or two before the corporate earnings data this week, which would include Anglo American [JSE:AGL] and BHP Billiton [JSE:BIL]
By 12:00 local time, the JSE all-share index was 0.17% lower, with platinum miners a touch higher at 0.13% and gold counters up 0.60%. But resources were 0.52% in negative territory. Banks remained flat at 0.05%, financials were also flat (+0.12%) and industrials were up 0.06%.
The rand was trading at 7.30 to the dollar from 7.28 at the JSE's close on Monday. Gold was quoted at US$1 372.25 a troy ounce from US$1 365.30/oz at the JSE's previous close, while platinum was at $1 842.50/oz from $1 834.50 before.
"The JSE has had a decent run in recent days, culminating in record levels on Monday. I guess investors are taking a breather, and this will likely continue until the announcement this week of the results by the diversified miners such as Anglo American and BHP Billiton. The market will take its cue from that," he said.
Dow Jones Newswires reported that European stocks posted gains on Tuesday, lifted by strength in the banking sector. However, the gains were modest as investors refrained from making any bold moves ahead of a slew of economic data releases.
London's FTSE 100 was almost flat at 6 061.75, Frankfurt's DAX added 0.2% to 7 411.22 and Paris's CAC-40 was 0.4% higher at 4 111.03.
In Asia, stock markets ended mixed on Tuesday as lower-than-expected inflation data from China lifted sentiment, with Shanghai shares gaining on the view that Beijing may not tighten monetary policy aggressively in the near term.
Japan's Nikkei Stock Average closed up 0.2%, Australia's S&P/ASX 200 fell 0.1% and South Korea's Kospi Composite was 0.2% lower. The Shanghai Composite Index was up 0.6%, while Hong Kong's Hang Seng Index fell 1.0%.
China's consumer price index data showed a rise of 4.9% in January from a year earlier, above December's 4.6% rise.
