Money SA economy
The JSE opened slightly firmer on Tuesday, with no clear direction from international markets or corporate news flow.
US markets closed flat on Monday, and Asian markets, after a move firmer, turned lower in late trade. There was no local corporate news for the market to get excited about either.
By 9.15am local time the JSE all share index had added 0.24%, with resources 0.36% firmer, gold miners up 0.32% and platinum miners 0.10% stronger. Banks were flat, financials were 0.06% better off and industrials garnered 0.21%. Gold was quoted at US1,225.78/oz from US$1,224.80/oz at the JSE's previous close, while platinum was at $1,543/oz from $1,5320/oz before.
A local trader said volumes had been very light, with 54% of total turnover coming from three stocks, Anglos, Billiton and Breweries.
"The market pretty much doesn't know which way to go. Whether or not we hold these levels will depend on any bit of news," said the trader.
Asian markets traded modestly higher Tuesday, but weakened towards the close.
In early trade in London, the FTSE100 was up 6.45 points while Dow futures were slightly firmer.
On the JSE, Anglo American added 83 cents to R273.82, BHP Billiton gained R1.06 to R223.56 and Sasol added R1.17 to R291.42.
