Money SA economy
The JSE was virtually flat at midday on Monday, lacking direction amid closure of the US and UK markets.
By 12pm the JSE all share index declined slightly to 0.07% and resources were lower at 0.12%, but platinum miners were 0.15% up. Gold miners added 0.34%. But banks slid 0.75% and financials lost 0.27%. Industrials rose 0.03%. Gold was quoted at $1 213.30/oz from $1 205.91/oz at the JSE's close on Friday. Platinum was at $1 566.00/oz from $1 555.50/oz at the JSE's last close.
A local equities trader said: "It is a very flat day. We have no inspiration at all at the moment."
The US and UK markets were closed for holiday on Monday.
Meanwhile, Dow Jones Newswires reports that Asian stock markets ended mostly higher on Monday but buying interest was light and major benchmark indexes finished lower for the month as investors remained cautious on concerns that the euro zone's debt crisis may spread after Spain's ratings downgrade.
On the JSE at noon, Anglo added 15c to R294.15, while BHP Billiton fell R1.83 to R209.40. Sasol rose R1.75 to R277.25.
