The JSE opened flat on Tuesday in muted Asian trade as Chinese markets remained closed for a public holiday. The US and UK markets did not trade on Monday, also due to public holidays, with the Nikkei down 0.02% in subdued Japanese trade on Tuesday. The holiday in the US and UK affected local volumes on the JSE. "The value traded on Monday of R7.3bn was the lowest in the year to date," Nedbank Corporate and Investment Banking analysts said. Equity outflows for the month so far amount to R8.2bn. "Outflows of foreign capital from equities are likely to persist over the medium term," Nedbank said. Weaker commodity prices put pressure on mining stocks but a softer rand brought some relief to the resources sector. The gold price was flat at $1.266.73 an ounce, while platinum was 0.39% lower at $950.37. At 9.39am the all share was 0.07% lower at 53,904.70 points and the blue-chip top 40 had dropped 0.11%. Platinums were down 0.54%, food and drug retailers 0.38%, banks 0.31% and property 0...
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