By midday on Tuesday the JSE was trading marginally weaker on a mixed performance by resources stocks, particularly gold, which was not enough to offset advances in heavyweights such as BAT and Naspers. At 12.17pm the all share index was 0.04% lower at 60,012 points, while the resources index was 0.56% better, the industrial index 0.17% softer and the financial index 0.22% down. The small cap index had risen 0.15%, thus far bearing out analysts’ predictions at the weekend that 2018 would be the year that small companies perform. Global markets were largely higher, despite a small drop in the Dow Jones overnight to close off its recent peaks. The Nikkei 225 ended 0.57% stronger and the Hang Seng up 0.36%. But the FTSE 100 was 0.31% lower on worries about the performance of key retail shares and a shake-up of the UK Conservative Party cabinet that was branded a "shambles". The rand continued to soften, touching R12.43/$ from Thursday’s R12.38/$, on concerns that an early exit of Presi...
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