Money SA economy
The JSE ended in negative territory on Monday, but volumes remained light as a holiday in the US and UK left local investors with no direction.
The JSE all share index ended weaker at 0.21%, with resources 0.18% worse off, and platinum miners 0.32% lower. Gold miners however surged 2.87%. Banks shed 1.20%, financials lost 0.77%, and industrials were 0.03% stronger. Gold was quoted at $1,216.97/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: "We had no lead on the local market because the US and UK markets were closed and Asia was flat on Monday."
The US and UK markets were closed on Monday because of public holidays. These global markets normally provide some direction to the local bourse.
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, Anglo slumped R3.00 or 1.02% to R291.00, while BHP Billiton fell R3.83or 1.53% to R208.00. Sasol rose R4.28 or 1.55% to R279.78.
