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JSE trades a bit higher as market eyes new catalysts

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It is a busy week in terms of corporate data and economic news, and volumes may be subdued by the Workers' Day public holiday on Wednesday

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.

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