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Johannesburg - The JSE started the week on a softer note on Monday, taking its cue from weaker overseas markets.
A trader said companies such as MTN Group [JSE:MTN], Anglo American [JSE:AGL], The Bidvest Group [JSE:BVT] and FirstRand [JSE:FSR] all went ex-dividend today. Aquarius Platinum [JSE:AQP] fell sharply due to concerns over indigenisation in Zimbabwe, the trader noted.
By 09:29 local time, the JSE All Share [JSE:J203] index was down 0.67%, with gold miners falling 0.48%, resources dropping 1.05% and platinum miners sliding 2.29%. Financials lost 0.12%, banks shed 0.27% and industrials declined 0.60%.
The rand was bid at R6.8438 to the dollar from R6.8468 at the JSE's close on Friday. Gold was quoted at $1 418.65 a troy ounce from $1 436.32/oz at the JSE's previous close, while platinum was at $1 733.00/oz from $1 754.00/oz before.
A trader said the local stock market took guidance from lower Asian shares.
Dow Jones Newswires reported that Asian stock markets were mostly lower on Monday, with Tokyo shares hit by renewed concerns about a stricken nuclear power complex as radioactive water slowed repair work at the plant.
Japan's Nikkei Stock Average was off 1.1%, Australia's S&P/ASX 200 was down 0.3%, South Korea's Kospi Composite was down 0.4%, China's Shanghai Composite Index was up 0.7%, Hong Kong's Hang Seng Index was 0.7% lower and India's Sensex rose 0.7%.
Dow Jones Industrial Average futures were down eight points in screen trade.
Repair crews at the troubled Fukushima Daiichi nuclear plant struggled to make headway amid news that the level of radioactivity in a pool of water that had accumulated inside one of the buildings reached 100 000 times the normal level found in the reactor core.
European stocks are expected to open little changed but with a downward bias as lingering concerns about the nuclear crisis in Japan are likely to be tempered by attempts by the Organisation of the Petroleum Exporting Countries (Opec) to assuage supply fears in view of the situation in Libya.
A trader said companies such as MTN Group [JSE:MTN], Anglo American [JSE:AGL], The Bidvest Group [JSE:BVT] and FirstRand [JSE:FSR] all went ex-dividend today. Aquarius Platinum [JSE:AQP] fell sharply due to concerns over indigenisation in Zimbabwe, the trader noted.
By 09:29 local time, the JSE All Share [JSE:J203] index was down 0.67%, with gold miners falling 0.48%, resources dropping 1.05% and platinum miners sliding 2.29%. Financials lost 0.12%, banks shed 0.27% and industrials declined 0.60%.
The rand was bid at R6.8438 to the dollar from R6.8468 at the JSE's close on Friday. Gold was quoted at $1 418.65 a troy ounce from $1 436.32/oz at the JSE's previous close, while platinum was at $1 733.00/oz from $1 754.00/oz before.
A trader said the local stock market took guidance from lower Asian shares.
Dow Jones Newswires reported that Asian stock markets were mostly lower on Monday, with Tokyo shares hit by renewed concerns about a stricken nuclear power complex as radioactive water slowed repair work at the plant.
Japan's Nikkei Stock Average was off 1.1%, Australia's S&P/ASX 200 was down 0.3%, South Korea's Kospi Composite was down 0.4%, China's Shanghai Composite Index was up 0.7%, Hong Kong's Hang Seng Index was 0.7% lower and India's Sensex rose 0.7%.
Dow Jones Industrial Average futures were down eight points in screen trade.
Repair crews at the troubled Fukushima Daiichi nuclear plant struggled to make headway amid news that the level of radioactivity in a pool of water that had accumulated inside one of the buildings reached 100 000 times the normal level found in the reactor core.
European stocks are expected to open little changed but with a downward bias as lingering concerns about the nuclear crisis in Japan are likely to be tempered by attempts by the Organisation of the Petroleum Exporting Countries (Opec) to assuage supply fears in view of the situation in Libya.
