The JSE widened its losses by midday on Wednesday as profit-taking and negative sentiment continued to dampen the market. By noon, the JSE's broader all-share index declined 1,4%, led by a 2,72% pull back in the platinum-mining index. The gold-mining index retreated 2,71% and resources dipped 1,85%.
The JSE continued on its upward path by midday on Thursday, unaffected by surprisingly better PPI data but encouraged by the futures market close-out. By 1158am, the JSE's all-share index had improved 0,83%. The platinum mining index climbed 3%, and the gold mining index added 0,94%,
The JSE continued to move sideways at noon on Wednesday as investors preferred the sidelines prior to the United States opening. One trader said that with the possibility of an interest-rate cut in US markets next week, markets are busy consolidating. "Although the Dow was up last night, US futures are down," he said.
The JSE all-share index held onto its gains at midday on Tuesday, with the resource index shining brightly -- underpinned by good buying interest in resource stocks Anglo American and BHP Billiton. By noon, the all-share index rose 0,50%. Resources advanced 1,25% and the gold mining index edged up 0,38%.