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Johannesburg - The JSE was flat, up 28 points, in early trade on Thursday amid positive world markets in the wake of an
impressive close on Wall Street.
At 09:21 the JSE all share index had inched up 0.11%, with resources easing 0.51% and gold miners losing 1.33%, but platinums were flat, up 0.16%.
Banks collected 0.70%, financials put on 0.89% and industrials edged up 0.37%.
The rand was bid at R7.23 to the dollar from R7.26 just before the JSE closed on Wednesday. Gold was quoted at $1 056.87 a troy ounce from $1 060.60/oz just before the JSE's last close, and platinum was at $1 354/oz, from $1 355.50/oz at its previous close.
"We have edged up this morning on world markets, the Dow closed above 10 000 and that is very good," a trader said.
"In the short term, markets are driven by results out of the US. Better results will keep the market going.
"But people are also getting nervous to buy at these levels and we might just see some profit taking among some stocks. Gold stocks are slightly lower, the gold price has come off and there is some profit taking there," she said.
- I-Net Bridge