The JSE was slightly down at noon on Tuesday with all the shares looking toppish after the market’s good run the day before, according to a trader.
At 12.01pm, the all-share index was flat (-0,06%). Resources lost 0,70%, the gold index rose 0,98% and the platinum index slipped 1,10%. Banks rallied 1,49%, financials added 0,67% and industrials strengthened 0,24%.
The rand was bid at 6,97 to the United States dollar from 6,95 when the JSE closed on Monday, while gold was quoted at $662,05 a troy ounce from $661,15 at the JSE’s last close.
“The market has been quite volatile and after a good run yesterday [Monday], we see a lot of profit-taking with everything looking quite toppish,” a trader said.
On the resource index, Anglo American slumped R4,75 to R461 with BHP Billiton slipping 1,05%, or R2,26, to R213,75.
Gold miner AngloGold Ashanti added 0,71% to R288,40, Goldfields rose R1,75 to R116 and Harmony was 60 cents better at R102,40.
Among platinum stocks, Anglo Platinum eased R6,92 to R1 217,99 and Impala Platinum pulled back 1,55%, or R3,60, to R229,40.
Among banks, FirstRand added 2,93% to R23,88, Standard Bank was up R1,85 to R106,50, Nedbank gained R1 to R139. — I-Net Bridge