Money SA economy
Following global markets lower on Tuesday evening, the JSE ended the day in the red.
At 5pm, the JSE all share index was 0.92% weaker, with resources down 1.79%, gold miners were off 3.05% and platinum miners falling 4.46%. Industrials were 0.33% lower while banks dipped 0.25% and financials gave up 0.23%.
Gold was quoted at $1 145.90/oz from $1 155.53/oz at the JSE's last close. Platinum was at $1 705.50/oz from $1 721.00/oz at the JSE's last close.
A local trader said the South African market had held up well this morning but had come off towards the end of the day. She said the local market was looking to the US, which is heading its earnings reporting season. Metal prices were also pulling back a bit.
Most of Asia closed slightly weaker while Europe's major stock markets fell Tuesday on the back of a slump in mining company share prices.
Dow Jones Newswires reported that US stocks were lower on Tuesday after disappointing earnings reports from major companies.
On the JSE, Anglo American was R0.84 or 0.26% weaker at R327.66 and BHP Billiton shed R3.26 or 1.29% to close at R250.42. Sasol was also weaker, giving up R6.45 or 2.10% to R300.55.
