Money SA economy
The JSE ended with a whimper on Friday following a strong week, which was punctuated by the futures close-out and index rebalancing.
At the close, the JSE all share index lost 0.13%, with resources lower at 0.58% and platinum miners shed 2.12%. Gold miners were almost flat at 0.01%. Banks were 0.51% down, while financials fell 0.03%. But industrials edged up 0.26%.
Gold was quoted at $1,259.18/oz from S$1,245.20/oz at the JSE's previous close, while platinum was at $1,583.50/oz from $1,569.50/oz at the JSE's last close.
Kevin Algeo, portfolio manager at Imara S P Reid, said the local bourse finished flat in a relatively strong week and indicated that index rebalancing dominated trade activities.
Algeo said there was profit-taking, which helped in keeping shares lower.
Dow Jones Newswires reports US stocks edged higher Friday as a strengthening euro boosted hopes in the region's economic recovery.
Japan's Nikkei Stock Average finished flat, with exporters extending losses on the yen's strength against the US dollar. China's Shanghai Composite lost 1.8%, and Hong Kong's Hang Seng Index advanced 0.7%.
