JSE flat as market eyes US corporate earnings

📆 2019-04-12 8:03 AM
📰 BDliveSA

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Banks slipped but some miners were up on Friday morning, with global focus on the start of US corporate earnings season

The JSE was little changed on Friday morning, with losses by banks and retailers offsetting gains by some miners.

Typically, earnings season comes with a bump higher in stock prices, said Vestact analysts. As things stand, equities seem to be in a holding pattern possibly due to the surge in equity prices so far in 2019. At 10am the all share had gained 0.03% to 58,201.2 points and the top 40 was 0.04% up. Banks were down 0.94% and general retailers 0.65%. Platinums were up 1.38% and gold miners 1.25%.

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