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Johannesburg - The platinum sector led the JSE weaker at
noon amid low volume trade due to the US markets being closed in anticipation
of hurricane Sandy.
At 12:19pm‚ the JSE All Share [JSE:J203] index was 0.49%
softer at 36‚691.02‚ with the Top 40 - (Tradeable) [JSE:J200] index losing
0.53% to 32‚545.03. Platinums dropped 2.45%.
“The shutdown of the US markets has impacted on liquidity.
Having said that‚ it is difficult to see an upside potential in the short-term
in the SA equity space given that some of the sectors - most notably banks and
retailers - sit in overbought territories‚” said Ian Cruickshanks‚ independent
financial markets analyst.
On the month‚ the JSE all share is up just over 1%.
Major European stock market indices were mostly lower at
noon‚ with London’s FTSE 100 shedding 0.59% by 12:04pm local time.
International risk events later in the week include a set of PMI data releases‚ which include China and US nonfarm payrolls.
