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JSE flat at midday

The JSE remained flat at midday on Friday in fairly quiet trade, amid mixed international markets as the Greek issue continued to weigh on sentiment.

By 12.06pm the JSE all share index was up 0.06%, with resources down 0.20%, platinum miners off 0.08% and gold miners 0.21% firmer. Banks were off 0.65%, financials shed 0.37%, but the industrial index moved up 0.56%.

Gold was quoted at $1 140.11/oz from $1 136.36/oz at the JSE's last close. Platinum was at $1 732.50/oz from $1 733.50/oz at the JSE's last close.

 

"Overall sentiment is generally still positive, although there are lingering concerns about Greece and some other Eurozone countries. As markets are sold off, we have seen buyers coming in, so there is still appetite for risk," said a local trader.
Dow Jones Newswires reported that major Asian equity markets ended mostly lower Friday amid fresh global concern over Greece fiscal troubles, with Japanese exporters troubled by the yen's rise and resource stocks hurt by the fall in commodity prices.

In London, the FTSE 100 was last up 50 points.

On the JSE, Anglo shed 65c to R324.05 and BHP Billiton lost 93c to R242 while Sasol shed 105c to R297.85.

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