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Johannesburg - The JSE tracked weaker Asian and US
markets on Monday, led by resources particularly gold stocks.
At 09:22 the JSE all share index was 0.38% lower, with resources down 0.65%, gold miners dropped 1.68% and platinum miners shed 0.48%.
Banks lost 0.20% and financials were flat (down 0.06%) while industrials moved 0.27% lower.
The rand was bid at R7.56 to the dollar from R7.53 when the JSE closed on Friday. Gold was quoted at $1 083.92 a troy ounce from $1 078.68 at the JSE's last close, and platinum was at $1 518/oz, from $1 506.50/oz at the bourse's previous close.
A local equity trader said: "Resources are expected to lead the local bourse lower today, especially gold stocks. Futures are down, and Asia ended mostly lower on the back of a softer close on Wall Street. Global sentiment is generally negative with resources in a consolidatory phase."
- I-Net Bridge