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Johannesburg - The JSE remained weaker in midday
trade on Friday, tracking the lower trend on main global markets.
By 12:01 local time, the JSE All Share [JSE:J203] index was down 0.91%, with financials leading the downside at 1.14%, banks shed 1.09%, and industrials fell 0.88%. Resources were 0.85% off.
Gold slipped 0.23% while platinum miners rose 0.58%.
The rand weakened to 7.25, from 7.14 at the JSE's close on Thursday. Gold lifted to $1 874.13 a troy ounce from $1 855.32 at the JSE's previous close, while platinum was at quoted at $1 856.50/oz, from $1 846.50/oz previously.
Sasha Naryshkine, portfolio manager at Vestact, said: "I guess investors are still digesting US President Barack Obama's speech, which although positive on the whole, lacked details.
Obama on Thursday unveiled a $447bn plan to revive the US economy.
Meanwhile, Dow Jones Newswires reported that European stocks fell on Friday, with investors worried about a seeming lack of action on the part of the Federal Reserve and as eurozone sovereign-debt credit default swaps edged wider, indicating concerns about the region's debt crisis still weigh heavily.
In a speech on Thursday about the economic outlook, Fed Chairman Ben Bernanke said the Federal Reserve was prepared to discuss options to prop up the economy, but investors were left disappointed by the absence of any detail. London's FTSE 100 was down 0.76% to 5,299.89 points local time.
Asian shares ended mixed after a cautious, choppy trading session, with Japan's Nikkei Stock Average ending 0.6% lower but Australia's S&P/ASX 200 rose 0.2%, while China's Shanghai Composite was flat.
By 12:01 local time, the JSE All Share [JSE:J203] index was down 0.91%, with financials leading the downside at 1.14%, banks shed 1.09%, and industrials fell 0.88%. Resources were 0.85% off.
Gold slipped 0.23% while platinum miners rose 0.58%.
The rand weakened to 7.25, from 7.14 at the JSE's close on Thursday. Gold lifted to $1 874.13 a troy ounce from $1 855.32 at the JSE's previous close, while platinum was at quoted at $1 856.50/oz, from $1 846.50/oz previously.
Sasha Naryshkine, portfolio manager at Vestact, said: "I guess investors are still digesting US President Barack Obama's speech, which although positive on the whole, lacked details.
Obama on Thursday unveiled a $447bn plan to revive the US economy.
Meanwhile, Dow Jones Newswires reported that European stocks fell on Friday, with investors worried about a seeming lack of action on the part of the Federal Reserve and as eurozone sovereign-debt credit default swaps edged wider, indicating concerns about the region's debt crisis still weigh heavily.
In a speech on Thursday about the economic outlook, Fed Chairman Ben Bernanke said the Federal Reserve was prepared to discuss options to prop up the economy, but investors were left disappointed by the absence of any detail. London's FTSE 100 was down 0.76% to 5,299.89 points local time.
Asian shares ended mixed after a cautious, choppy trading session, with Japan's Nikkei Stock Average ending 0.6% lower but Australia's S&P/ASX 200 rose 0.2%, while China's Shanghai Composite was flat.
