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Johannesburg - The JSE was weaker across the board at noon on Monday, as selling pressure pushed prices lower despite firmer commodity prices.
By 12:01 local time, the JSE All Share [JSE:J203] index was down 0.74%, with resources falling 1.14%, platinum miners sliding 2.50% and gold miners shedding 0.90%. Financials eased 0.27%, banks were down 0.36% and industrials lost 0.56%.
The rand was bid at 6.65 to the dollar, unchanged from the JSE's close on Friday. Gold was quoted at US$1 506.72 a troy ounce from US$1 495.47/oz at the JSE's previous close, while platinum was at $1 794/oz, from $1 790.20/oz previously.
There was no specific news that was moving the market as commodities were higher, an equity dealer said. European stocks were also generally weaker, the equity dealer said.
Dow Jones Newswires reported that European stocks were mixed on Monday, with gains in the basic resources sector offsetting weak bank stocks that were hit by growing concerns that Greece may require additional bailout funds.
Greek and European Union (EU) officials met last Friday to discuss Greece's funding needs, amid reports that Greece has been slipping further behind targets for cutting its budget deficit and is now expected to need nearly €30bn of extra financing for 2012.
German newspaper Die Welt said on Monday that Greece wants its EU partners to grant a further reduction to the interest rate it pays on the aid it has received, as well as less stringent terms for its austerity plans. The report, citing EU officials, said Greece's request was being considered.
By 08:05 GMT, the Stoxx Europe 600 was up 0.1% at 281.64, Frankfurt's DAX index fell 0.2% to 7 475.03 and Paris's CAC-40 index was 0.2% lower at 4 042.10. London's FTSE 100 index was up 0.3% at 5 992.65, reflecting gains in the heavily weighted mining sector and well-received first-half results from Lonmin.
Greece has been in the spotlight since Friday, when Greek and euro-zone officials denied a press report saying the country had raised the possibility of exiting the euro zone.
By 12:01 local time, the JSE All Share [JSE:J203] index was down 0.74%, with resources falling 1.14%, platinum miners sliding 2.50% and gold miners shedding 0.90%. Financials eased 0.27%, banks were down 0.36% and industrials lost 0.56%.
The rand was bid at 6.65 to the dollar, unchanged from the JSE's close on Friday. Gold was quoted at US$1 506.72 a troy ounce from US$1 495.47/oz at the JSE's previous close, while platinum was at $1 794/oz, from $1 790.20/oz previously.
There was no specific news that was moving the market as commodities were higher, an equity dealer said. European stocks were also generally weaker, the equity dealer said.
Dow Jones Newswires reported that European stocks were mixed on Monday, with gains in the basic resources sector offsetting weak bank stocks that were hit by growing concerns that Greece may require additional bailout funds.
Greek and European Union (EU) officials met last Friday to discuss Greece's funding needs, amid reports that Greece has been slipping further behind targets for cutting its budget deficit and is now expected to need nearly €30bn of extra financing for 2012.
German newspaper Die Welt said on Monday that Greece wants its EU partners to grant a further reduction to the interest rate it pays on the aid it has received, as well as less stringent terms for its austerity plans. The report, citing EU officials, said Greece's request was being considered.
By 08:05 GMT, the Stoxx Europe 600 was up 0.1% at 281.64, Frankfurt's DAX index fell 0.2% to 7 475.03 and Paris's CAC-40 index was 0.2% lower at 4 042.10. London's FTSE 100 index was up 0.3% at 5 992.65, reflecting gains in the heavily weighted mining sector and well-received first-half results from Lonmin.
Greece has been in the spotlight since Friday, when Greek and euro-zone officials denied a press report saying the country had raised the possibility of exiting the euro zone.
