JSE all share opens week in record territory in quiet trade on US holiday
The JSE all share opened firmer on Monday in record territory, following upbeat global markets, with gold shares strongly up as the dollar paused on mixed US data released on Friday. Spot gold lifted 0.32% to $1,280.06 an ounce. Trading on the day is expected to be subdued on the US Columbus public holiday, with JSE trading kicking off at a low R331m. Volumes on Friday hit R27bn. The S&P 500 slipped on Friday but logged its fourth consecutive week of gains. The index hit its sixth consecutive closing high on Thursday, posting its longest streak of records in 20 years. The rand was steady at R13.76/$, with the weaker trend supporting rand hedges. Major US stock indices edged lower on Friday after data showed the US labour market lost jobs for the first time in seven years. Still, stocks ended the week near record levels. The Dow Jones industrial was marginally down at 0.01% to 22,773.67 points and rose 1.7% for the week. The S&P 500 fell 0.1%, and the Nasdaq Composite added less than...
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