Money SA economy
The JSE opened in the red this morning amid some profit taking after following a good run this week.
Commodity stocks, with big resources stocks in particular, came under a bit of pressure amid a softer US dollar.
At 9.27am the JSE all share index was 0.70% lighter, with resources down 1.45%, gold mining shares lost 2.20% and platinum miners fell 0.50% lower.
Banks and financials declined 0.55% and 0.32% respectively, while industrials were flat, (down 0.05%).
The rand was bid at R7.61/$ from R7.55/$ when the JSE closed on Wednesday.
Gold was quoted at $1,102.25/oz from $1,119.23/oz at the JSE's last close, and platinum was at $1,510.50/oz, from $1,543.50/oz at the bourse's previous close.
A local trader said: "We saw a bit of rand strength on Wednesday following the budget speech which took stocks lower for a short while, but other than that, there was no real impact on markets as a result of the finance ministers speech.
"Today we saw a softer opening amid some profit taking, having had a good couple of days.
Anglo American shed R4.58, or 1.55%, to R291.30 and BHP Billiton dropped 389c, or 1.62%, to R235.55. Sasol declined R2.99, or 1.07%, to R276.01.
