The JSE began a fairly busy week on a tentative note on Monday, with public holidays in the UK and US draining liquidity out of the local share market. A number of big locally traded shares have a primary listing in the UK which, along with the US, tends to set the market tone. The total value traded on the local share market hovered around R1.6bn at lunchtime, which stood below the average of just more than R5bn at this time of the day. The substantially weaker rand, which usually influences a broader market through big rand-hedge stocks, had limited effect on the day. In this regard, the all share index was off 0.16% to 53,908.50 points at lunchtime. Financial stocks, which performed particularly well last week, were slightly weaker with retailers. Pressure continued to build on shares of some of the food producers following the recent round of corporate earnings. Trade in other sectors, including resources, was patchy ahead of a slew of economic data later in the week, such as pu...
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