Money SA economy
The JSE opened mixed on Thursday with resources counters succumbing to profit taking, and other equities such as financials and industrials rising.
By 9.41am the JSE all share index had lost 0.12%, with resources 0.72% worse off and platinum miners 0.29% weaker. Gold miners added 1.01%. Banks moved 0.66% higher, financials rose 0.37% and industrials ticked 0.25% firmer. Gold was quoted at $1 232.99/oz from $1 225.63/oz at the JSE's previous close, while platinum was at $1 567.50/oz from $1 563.50/oz at the JSE's last close.
A trader said the resources stocks took a breather following strong gains in the last few days. But the weak rand boosted gold shares, the trader said.
Asian shares were mostly lower on Thursday, with resource stocks taking a breather in Sydney while consumer finance companies were higher in Tokyo as concerns over stricter regulation of the sector eased, according to Dow Jones Newswires.
On the JSE, Anglo dropped R5.37 or 1.77% to R298.39 and BHP Billiton lost R1.88 to R215.50. Sasol wavered R1.00 to R286.50.
