Money SA economy
The JSE was soft at its opening on Tuesday amid profit taking, following a good run over the past few days.
World sentiment also pointed towards the negative, with Wall Street having closed lower and Asia a fraction down.
At 09.22am the JSE all share index declined 0.24%, with resources giving up 0.28%. Platinum miners were flat, down 0.03%, along with gold stocks 0.08% lower. Banks shipped 0.26%, financials were flat, down 0.06%, and industrials dropped 0.26%.
Gold was quoted at $1,1122.78 a troy ounce from $1,126.93 at the JSE's last close. Platinum was at $1,590/oz from $1,594/oz at the JSE's last close.
A local equities trader said: "World market sentiment has turned slightly negative, and the local bourse has seen a few strong days, so I think we should see a bit of profit taken off the table."
Dow Jones Newswires reported European stocks are expected to open flat Tuesday, following the slightly lower close on Wall Street.
Shares in Asia were mixed; trade was lacklustre with not much lead from Wall Street. Both Hang Seng and Nikkei were 0.1% off.
