Money SA economy
The JSE ended in the red on Tuesday amid some profit taking, with the market also looking to consolidate following last week's heavy volume flow.
At 5pm, the JSE all share index had declined 0.33%, with Gold miners 0.52% lower, and platinum miners dropped 2.56%. Resources were flat, up 0.06%. Banks were 0.3% worse off, financials gave up 0.24%, and industrials moved 0.76% lower.
Gold was quoted at $1 102.71/oz from $1 107.79/oz at the JSE's last close. Platinum was at $1 602.50/oz from $1 613/oz at the JSE's last close.
A local trader said: "We had a strong week last week leading to a slight fall-out today amid some profit taking.
"With heavy volume flow being recorded last week, the market looked for some consolidation today."
Dow Jones Newswires reported US stocks climbed Tuesday after sales of existing homes fell less than expected in February.
The Dow Jones Industrial Average rose 37 points, or 0.3%, to 10823 in recent trading.
After opening just barely in the black, the Dow climbed steadily after the National Association of Realtors reported that home resales fell by 0.6%, to a 5.02 million annual rate from an unadjusted 5.05 million in January.
Economists surveyed by Dow Jones Newswires expected sales last month to decrease 2.0%, to a rate of 4.95 million.
In addition, the Richmond Fed manufacturing survey showed that its indexes of manufacturing, services revenues and retail revenues all improved in March from their levels in February.
