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The JSE opened flat on Friday, taking a pause after a volatile trade on Thursday.
By 9.42am the JSE all share index gained 0.05%, with resources flat, and platinum miners down 0.09%. Gold miners lost 0.48%. Banks were 0.03% stronger, financials added 0.12%, and industrials were 0.03% firmer. Gold was quoted at $1,206.24/oz from $1,216.05/oz at the JSE's previous close. Platinum was at $1,546/oz from $1,546/oz at the JSE's last close.
Kevin Algeo, portfolio manager at Imara SP Reid, said the all share index opened slightly firmer, if not flat, in the morning session. Algeo said key indices were mixed, with financial stocks recovering from a sell-off on Thursday and resources counters falling on the back of Fremont Gold Corp's prediction.
On Thursday, US stocks rose slightly, led by technology and energy companies, as investors edged away from the traditional safe-haven sectors.
The Dow Jones Industrial Average eked out a gain of 0.1% to 10,255.28, the measure's first two-day gain since late April, according to Dow Jones Newswires.
Asian stock markets were mostly lower on Friday as caution prevailed ahead of crucial US jobs data due later in the day and as investors took some cash off the table after Thursday's region-wide gains.
