The JSE closed weaker on Monday in thin trade as gold and property stocks led the bears, while resources ended the day higher.Spot gold was largely unchanged at $1,267.36 an ounce, but platinum shed 0.56% to $956.08 an ounce.Brent crude was 0.44% up at $52.43 a barrel.Banks and financials were weaker on the day as earlier gains in the rand quickly reversed following the ANC’s confirmation that President Jacob Zuma would not be recalled.Volumes were low with only R5bn traded at the close, with public holidays in the UK and US draining liquidity out of the local share market. A normal trading day can easily turn over R20bn.Global factors were expected to drive the local market in the week ahead as the status of President Jacob Zuma remains unchanged for now. Zuma is set to appear before Parliament on Wednesday and Thursday, but it is unlikely that the house will vote on his leadership until the Constitutional Court rules on a secret ballot.Later in the week market attention will be fo...
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