Money SA economy
The JSE ended weaker on Monday, giving up earlier gains and succumbing to the morning's negative mood as investors kept an eye firmly on global equities.
At the close, the JSE all share index shed 0.73%. Resources declined 0.59%, gold producers slumped 2.76%, and Platinum miners lost 0.85%. Banks moved 0.73% lower, financials weakened 0.60%, and industrials fell 0.92%. Gold was quoted at $1,179.78 a troy ounce from $1,192.80/oz at the JSE's previous close, while platinum was at $1,503.50/oz from $1,516.50/oz before.
A trader said local investors were closely watching international markets. US housing data weighted on the investor sentiment, while the earnings reporting season gave investors a reason to remain cautious, the trader said. Dow Jones newswires reports that US stocks fluctuated between gains and losses, paring early gains on Monday as investors balanced weaker housing sentiment and a busy week of company earnings.
Stocks appeared to lose some of their ground after disappointing numbers on housing suggested sentiment in that key sector is beginning to wane.
On the JSE, Anglo American plc was almost flat (up 7 cents) at R275.00, but BHP Billiton lost 28 cents to R211.22. Sasol was up 20 cents to R280.20.
