The JSE paused for breath on Friday, after a four-day run that drove the all-share index to within about 130 points of its previous record high, reached in April 2015. The all share was off 0.38% at 54,681.5 at lunchtime on Friday, with the main constituent indices broadly lower, suggesting traders were eager to lock in profits, especially in the resources sector, which enjoyed a great deal of support earlier in the week. "For the moment, circumspection is appropriate and available strength should be used as an opportunity to trim back trading exposure," Momentum SP Reid Securities analysts said in a note. The resources index was marginally lower on the day, but still headed for its biggest weekly gain (6%) since early April. The impetus came from a pick-up in commodity prices, most notably those of copper and Brent crude. Adding a boost to the resource market was a decision this week by Anglo American and its subsidiary Kumba Iron Ore to reinstate dividends, following improved fina...
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