The JSE subdued on Monday morning, with gains by gold miners and Naspers being offset by banks and retailers, amid cautious trade.
Local activity may subdued by the shortened trading week, with markets closed on Wednesday for the Workers' Day public holiday. Gold was down 0.35% to $12,81.28/oz and platinum 0.24% to $897.16. Brent crude was 0.2% higher at $71.72 a barrel. Locally, balance of trade figures are due on Tuesday, while the Absa purchasing managers' index is due on Thursday. The PMI, which gauges activity in the manufacturing sector, fell for a third consecutive month to 45 points in March — indicating a contraction in the sector.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CHRIS GILMOUR: The dangerous and murky shark tank of SA’s listed bond marketThe JSE has been reformed and stockbroker hooligans removed, but bond institutions lag behind
Read more »
MARKET WRAP: JSE slips in risk-off trade but gold miners shineThe local bourse extended losses as US markets opened, with concerns over global growth weighing on equities
Read more »
MARKET WRAP: Only platinum and gold shine on the JSELocal banks and miners were pressured by a firmer dollar, while local data was also downbeat
Read more »