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Johannesburg - The JSE was mildly negative at the start of the trading session on Monday, tracking the leading European share markets, amid the lingering eurozone debt crisis.
At 09:19 local time, the JSE All Share [JSE:J203] index was down 0.19% to 33,086.01 points, with the platinum sector losing 0.87%, resources shedding 0.57% and gold counters edging down 0.12%.
Financials were flat (0.03%), while banking stocks lifted 0.29% and industrials were relatively static (-0.03%).
The rand was trading at R8.28 to the US dollar, from R8.30 at the JSE's close on Friday, while gold was quoted at $1 595.79 a troy ounce from $1 595.39/oz at the JSE's previous close and platinum was at $1 464.50/oz, from $1 463.20/oz at the previous session.
"We continue to see weakness in equity markets due to uncertainties in the eurozone despite the G8 summit over the weekend pledging their support for Greece to remain in the single-currency block," said Ferdi Heyneke, portfolio manager at Afrifocus Securities.
European stock markets started marginally lower on Monday, as the ongoing worries about the eurozone crisis continued to pressure sentiment, though developments over the weekend at the G8 summit are likely to inject some calm into markets, according to Dow Jones Newswires.
At the weekend's summit of the Group of Eight leading nations, leaders failed to reach an agreement on how to calm the escalating economic crisis in Europe, though the meeting's final statement did affirm that they want Greece to remain in the eurozone. Also in the joint statement, leaders said that they would take steps to boost their economies.
The London's FTSE 100 index had lost 0.10% at about 09:04 local time.
In Asia, markets mostly climbed after remarks about Greece by leaders of the G8 and Chinese Premier Wen Jiabao on the world's second largest economy.
Japan's Nikkei 225 rose 0.25% but Hong Kong's Hang Seng Index was 0.42% lower, while China's Shanghai Composite was up 0.3%.
Over the weekend, Premier Wen raised hopes for further fiscal and monetary easing measures from Beijing.
At 09:19 local time, the JSE All Share [JSE:J203] index was down 0.19% to 33,086.01 points, with the platinum sector losing 0.87%, resources shedding 0.57% and gold counters edging down 0.12%.
Financials were flat (0.03%), while banking stocks lifted 0.29% and industrials were relatively static (-0.03%).
The rand was trading at R8.28 to the US dollar, from R8.30 at the JSE's close on Friday, while gold was quoted at $1 595.79 a troy ounce from $1 595.39/oz at the JSE's previous close and platinum was at $1 464.50/oz, from $1 463.20/oz at the previous session.
"We continue to see weakness in equity markets due to uncertainties in the eurozone despite the G8 summit over the weekend pledging their support for Greece to remain in the single-currency block," said Ferdi Heyneke, portfolio manager at Afrifocus Securities.
European stock markets started marginally lower on Monday, as the ongoing worries about the eurozone crisis continued to pressure sentiment, though developments over the weekend at the G8 summit are likely to inject some calm into markets, according to Dow Jones Newswires.
At the weekend's summit of the Group of Eight leading nations, leaders failed to reach an agreement on how to calm the escalating economic crisis in Europe, though the meeting's final statement did affirm that they want Greece to remain in the eurozone. Also in the joint statement, leaders said that they would take steps to boost their economies.
The London's FTSE 100 index had lost 0.10% at about 09:04 local time.
In Asia, markets mostly climbed after remarks about Greece by leaders of the G8 and Chinese Premier Wen Jiabao on the world's second largest economy.
Japan's Nikkei 225 rose 0.25% but Hong Kong's Hang Seng Index was 0.42% lower, while China's Shanghai Composite was up 0.3%.
Over the weekend, Premier Wen raised hopes for further fiscal and monetary easing measures from Beijing.
