Money SA economy
The JSE took a dive straight into the red on Friday following a strong show on Thursday amid a high volume futures closeout.
By 9.23am the JSE all share index had given up 0.46%, with resources 0.35% softer. Gold miners were relatively flat, down 0.21%, and platinum miners declined 0.52%. Banks were 0.66% worse off, financials dropped 0.45% and industrials moved 0.58% lower.
Gold was quoted at $1 124.05/oz from $1 122.21 at the JSE's last close. Platinum was at $1 627/oz from $1 629/oz at the JSE's last close.
A local trader said: "The JSE is weaker this morning but that is to be expected following a strong showing yesterday during a high volume futures closeout.
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"Global markets are pretty flat, and I think given yesterday's results we are likely to see some position squaring ahead of the long weekend."
Dow Jones Newswires reported that European stocks are expected to open a little higher Friday, following the DJIA's eight consecutive close in positive territory.
In Asia regional markets mostly higher with exporters supporting Tokyo market while property developers outperform in China. The Nikkei was trading 0.8% higher, while the Hang Seng was flat, up 0.05%.
On the JSE, Anglo American was 67c lower at R305.25 and BHP Billiton declined 153c to R246. Sasol was flat at R285.30.
