MARKET WRAP: JSE slips ahead of data-heavy week

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Volumes on the local bourse were low on Monday, ahead of a busy week in terms of global economic news, as well as Wednesday's public holiday

The JSE fell in broad-based losses on Monday, although the rand was a little firmer, as markets wait for a series of risk events this week.

Thinned-out trading activity holds the potential to influence trading behaviour in the rand, and as SA heads to the polls next week, and the current week is data heavy, there was no question that investors would be cautious, said Mercato Financial Services analyst Nico du Plessis. Shortly after the JSE closed, gold was down 0.49% to $1,279.55/oz, while platinum had fallen 0.93% to $890.96. Brent crude was up 0.81% to $72.16 a barrel.

 

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