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JSE stays flat in thin trade

 

Johannesburg - The JSE traded flat at noon on Friday, as worse-than-expected economic data out of Europe and China this week stoked fears about global growth prospects.

By 12:03 local time, the JSE All Share [JSE:J203] index traded 0.18% lower at 33,491.54 points; resources shaved off 0.39%, gold miners gave up 0.89%, while platinum miners edged 0.17% higher.

Industrials were down 0.15%, while banks added 0.63% and financials 0.13%.

The rand had firmed to 7.67 to the US dollar, from 7.74 at the JSE's close on Thursday. Gold was quoted at US$1,650.99 a troy ounce from $1,636.18 at the JSE's previous close, while platinum was at $1,625/oz from $1,614.50/oz.

A local trader said the market was taking cues from international markets, in absence of any major economic data.

European stocks traded flat as nervousness about the health of peripheral eurozone economies resurfaced.

The worse than expected data out of China on Thursday, that indicated manufacturing activity in the world's second biggest economy had hit a four-month low, weighed on Asian stocks this morning.

Tokyo's Nikkei fell by 115.61 points or 1.14% to 10,011.47 and Hang Seng slid by 1.11%.


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Rand - Dollar
19.22
-0.6%
Rand - Pound
23.91
-0.5%
Rand - Euro
20.56
-0.5%
Rand - Aus dollar
12.49
-0.8%
Rand - Yen
0.12
-0.5%
Platinum
911.00
-1.0%
Palladium
1,006.00
-2.0%
Gold
2,321.04
-0.0%
Silver
27.20
-0.4%
Brent Crude
88.42
+1.6%
Top 40
68,685
+0.9%
All Share
74,632
+0.8%
Resource 10
60,184
+1.0%
Industrial 25
104,263
+1.4%
Financial 15
15,928
+0.2%
All JSE data delayed by at least 15 minutes Iress logo
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