Money SA economy
The JSE ended a fraction in the black on Thursday, having surrendered its lunchtime gains after Wall Street opened in negative territory amid worse than anticipated manufacturing data.
At its close the JSE all share index had gained 0.11%. Resources however, declined 0.46%, along with gold producers 0.18% lower, and Platinum miners lost 0.47%. Banks shipped 0.85%, financials wavered 0.34%, but industrials climbed 0.89%. Gold was quoted at $1,208.07/oz from $1,209.83/oz at the JSE's previous close, while platinum was at $1,527.50/oz from $1,527.50/oz before.
A local equities trader said: "Investors in the US decided to pick up on negative data which is usually not a factor."
Data in the US showed slowing growth in New York-area manufacturing activity in July.
At lunch, a local trader noted that Didata was "the talk of the day" following news that Japan's Nippon Telegraph and Telephone Corporation (NTT), one of the largest global telecommunications service providers, had made a GBP 2.1 billion bid to acquire the
group.
Earlier in Asia, shares ended down but off earlier losses Thursday after the release of Chinese growth and inflation data.
