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Cape Town - The JSE, along with gold, has followed a downward trend by lunchtime on Friday to trade softer as strikes loom in the gold sector.
Gold has fallen 1.15% to trade at 1 395.58. Platinum was down 0.85% at R1 514.50.
Gold producers in the local economy said the National Union of Mineworkers had served notice of a strike on Tuesday over pay demands.
At the same time investors' concerns about the situation in Syria seemed to have waned somewhat following Britain’s decision not to join possible military action.
The JSE All Share [JSE:J203] was down 0.09% at 42 391.34, while the Top 40 - (Tradeable) [JSE:J200] index fell 0.13% to 38 075.41.
The biggest losers were Northam Platinum Limited (-2.92%), Omnia Holdings Limited (-2.27%) and PSG (-2.11%) was bucking the downward trend and saw share price losses to trade at R41.25, R192.06, and R69.50 respectively.
Companies seeing gains included Italtile Limited (+5.80%) to R7.30 and Grindrod Limited (+3.75%) to trade at R23.24.
Woolworths also saw a gain +3.29% to R67.14 after the company reported a 23% profit gain in their full year earnings reported on Thursday.
The rand also firmed slightly to trade at R10.3350/$ in early trade, up 0.2% from its previous close.
Early morning trade on European markets were flat, with the FTSE 100 at 0.03% by 9:23.
Gold has fallen 1.15% to trade at 1 395.58. Platinum was down 0.85% at R1 514.50.
Gold producers in the local economy said the National Union of Mineworkers had served notice of a strike on Tuesday over pay demands.
At the same time investors' concerns about the situation in Syria seemed to have waned somewhat following Britain’s decision not to join possible military action.
The JSE All Share [JSE:J203] was down 0.09% at 42 391.34, while the Top 40 - (Tradeable) [JSE:J200] index fell 0.13% to 38 075.41.
The biggest losers were Northam Platinum Limited (-2.92%), Omnia Holdings Limited (-2.27%) and PSG (-2.11%) was bucking the downward trend and saw share price losses to trade at R41.25, R192.06, and R69.50 respectively.
Companies seeing gains included Italtile Limited (+5.80%) to R7.30 and Grindrod Limited (+3.75%) to trade at R23.24.
Woolworths also saw a gain +3.29% to R67.14 after the company reported a 23% profit gain in their full year earnings reported on Thursday.
The rand also firmed slightly to trade at R10.3350/$ in early trade, up 0.2% from its previous close.
Early morning trade on European markets were flat, with the FTSE 100 at 0.03% by 9:23.
