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Johannesburg - The JSE edged into the red by noon on Monday in what a local trader said was a session of profit taking and
consolidation.
By 11:57, the JSE all share index had edged down 0.26%, with resources weakening 0.82% and gold miners flat, down 0.05%, but platinum counters collected 0.81%. Banks lost 1.25% and financials gave up 0.84%, but industrials edged up 0.92%.
The rand was last bid at R8.32 to the dollar from R8.30 when the JSE closed on Friday. Gold was quoted at $954.58/oz a troy ounce from $959.58/oz at the JSE's last close, and platinum was at $1 149.50/oz, from $1 152.50/oz at its previous close.
At 11:57, Brent crude was at $60 from its previous close of $60.78.
"We are seeing some profit taking and it's not surprising. The market has had some big moves," the trader said.
"We are not getting much lead from the UK and the US is also closed tonight. When they are closed we don't get much direction.
"The rand is strong and the dollar has weakened. The dollar prices of metals are easing. The market is just consolidating at the moment," he said.
Earlier in the day, Japan's Nikkei ended 1.31% higher and Hong Kong's Hang Seng added 0.64%.
- I-Net Bridge