Publications
Partners
Johannesburg - The JSE opened flat on Thursday, despite the positive close on Wall Street and mostly higher Asian markets.
By 09:22 local time the JSE all share index was up just 0.03%, with platinum miners up 0.71%. But resources shed 0.13% and gold miners dropped 0.70%. Financials (0.09%) and banks (0.02) were also flat, while industrials gained 0.15%.
The rand was bid at R6.89 to the dollar from R6.91 at the JSE's close on Wednesday. Gold was quoted at $1 387.948 a troy ounce from $1 390.41/oz at the JSE's previous close, while platinum was at $1 690.20/oz from $1 699.00/oz before.
Kevin Algeo, portfolio manager at Imara SP Reid, said Wall Street rose as the yields on US Treasury bills edged up in part as a result of better than expected US GDP data, a belief that the US Federal Reserve may not buy many bonds as part of quantitative easing and concerns over US debt.
Dow Jones Newswires reported that Asian stock markets were mostly higher on Thursday, with shares in Sydney powering to a four-week high after a strong employment report but the China market was hobbled by concerns about an imminent rate hike from Beijing.
Japan's Nikkei Stock Average ended up 0.52%, but Hong Kong's Hang Seng Index was last 0.26 lower.
Dow Jones Industrial Average futures were up 39 points in screen trade.
By 09:22 local time the JSE all share index was up just 0.03%, with platinum miners up 0.71%. But resources shed 0.13% and gold miners dropped 0.70%. Financials (0.09%) and banks (0.02) were also flat, while industrials gained 0.15%.
The rand was bid at R6.89 to the dollar from R6.91 at the JSE's close on Wednesday. Gold was quoted at $1 387.948 a troy ounce from $1 390.41/oz at the JSE's previous close, while platinum was at $1 690.20/oz from $1 699.00/oz before.
Kevin Algeo, portfolio manager at Imara SP Reid, said Wall Street rose as the yields on US Treasury bills edged up in part as a result of better than expected US GDP data, a belief that the US Federal Reserve may not buy many bonds as part of quantitative easing and concerns over US debt.
Dow Jones Newswires reported that Asian stock markets were mostly higher on Thursday, with shares in Sydney powering to a four-week high after a strong employment report but the China market was hobbled by concerns about an imminent rate hike from Beijing.
Japan's Nikkei Stock Average ended up 0.52%, but Hong Kong's Hang Seng Index was last 0.26 lower.
Dow Jones Industrial Average futures were up 39 points in screen trade.
