Money SA economy
The JSE remained in the red at noon amid thin volumes, with no economic data in focus and the US market closed for a public holiday, local traders said.
By 12.05pm local time the JSE all share index was down 0.39%, with resources off 0.99%, but gold miners eked out 0.21% while platinum miners were off 0.46%. Banks were down 0.47%, and financials shed 0.41%, while industrials were down 0.21%. Gold was quoted at $1,210.11 a troy ounce from at $1,205.96/oz at the JSE's previous close, while platinum was at $1,509.00/oz from $1,499.50/oz at the JSE's last close.
Jiulio Frigenti, an equity trader from Investec, said the local bourse was lacking direction, with traders unwilling to take big positions with the US market closed in recognition of the Independence Day holiday.
"We have seen lower volumes today in the market, with no economic data in prospect and the US market closed."
Dow Jones Newswires reports that in Asia, shares were mixed on Monday with most markets in tight ranges, as weakness in Chinese equities weighed on broader sentiment across the region.
European stock markets were flat on Monday, unable to make headway as fears about global growth prospects continued to dent sentiment, prompting market participants to flee into safer assets such as government bonds.
On the JSE, Anglo declined R3.95 or 1.46% to R266.55, and Sasol shed R1.54 to R275.21. BHP Billiton slid R3 to R198.70.
