The JSE opened flat on Wednesday with gold and property stocks firmer as the Dow closed marginally higher on Tuesday and the market awaited the outcome of the Opec meeting. A higher oil price is traditionally negative for non-producing emerging countries, such as SA, but could benefit individual shares such as Sasol. Brent crude was 1% up in early morning trade in anticipation of the decision, but markets remain uncertain as to whether Opec would announce any production cuts today. The Dow closed 0.12% higher on Tuesday, but was off its best levels of the day as uncertainty surrounding the Opec meeting dented investor sentiment, analysts at Nedbank Corporate and Investment Banking (CIB) said.
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