Johannesburg — The JSE closed in the red on Monday‚ taking its cue from lower global markets and awaiting a decision from eurozone finance ministers with regard to the next aid disbursement for Greece.
At 17:00‚ the All Share [JSE:J203] index was down 0.26% to 37 766.24 points after rallying nearly 3% last week.
Gold counters provided some upside gaining 1.05% on a stronger bullion price and banks shed some value in sympathy with off-shore banks coming off.
“It has been a fairly quiet and unexciting market after we had the monster rally on Black Friday‚” a local trader said.
Leading European stocks were trading weaker‚ with the UK’s FTSE 100 seen 0.50% lower at 16:49 local time.
Meanwhile on the other side of the Atlantic‚ US stocks opened lower‚ taking a breath after strong gains in last week's holiday-shortened week‚ as uncertainty over aid for Greece overshadowed what appeared to be a strong start to the shopping season‚ Dow Jones Newswires reported.
At 16:49 local time the Dow Jones Industrial Average had shed 0.54%‚ to 12 939 points.
On the local front‚ among individual stocks‚ Gold Fields added 1.54% to R106.62 and AngloGold Ashanti tacked on 0.78% to R276.42.
Aquarius Platinum was down 4.57% to R6.05‚ while ArcelorMittal SA recovered 6.47% to R31.94 and Exxaro added 1.15% to R156.99.
FirstRand shed 1.53% to R28.93 and Capitec lost 2.08% to R200.00.