Money SA economy
The JSE ended slightly firmer in light trade on Monday as local investors take a cautious stance ahead of a barrage of economic data overseas.
Traders said investors were waiting for more economic data to confirm whether the global economic recovery was continuing.
At its close, the JSE all share index gained 0.12% and resources rose 0.69%. Platinum miners added 0.60%, and gold miners climbed 0.56%. But banks moved 0.11% lower, financials edged down 0.03%, and industrials were slightly lower, down 0.38%. Gold was quoted at $1,247.59/oz from at $1,254.03/oz at the JSE's previous close, while platinum was at $1,571.00/oz from $1,564.50/oz at the JSE's last close.
A local trader said the US consumer spending data had not moved the market. "We need confirmation of continued global economic recovery," the trader said.
On the domestic market, gold and resources stocks climbed on the strength of the yellow metal and the dollar.
Dow Jones Newswires reported that US stocks waffled on Monday as investors questioned whether the Group of 20's pledge to slash budget deficits would subdue global growth or restore fiscal stability, but materials slid, hurt by data showing weak inflation.
The Dow Jones Industrial Average slid 2 points to 10141 in recent trading.
In Europe, most equity markets posted broad-based gains, with the Stoxx Europe 600 index up 0.6% recently.
Asian stock markets ended mixed in cautious trade as investors digested the weekend communique from the G-20 nations.
On the JSE, Anglo rose R4.25 or 1.50% to R288.06, and BHP Billiton added 0.75 cents to R214.25. Sasol edged up 90 cents to R283.50.
