The JSE opened weaker after delayed trade on Monday with retailers and resources leading the losers, as platinum stocks rose on a flat platinum price.The rand trended lower at R13.4820 to the dollar from R13.4223.Trade started two hours late due to an unspecified technical problem, with no open orders showing on all EQM trading instruments, the JSE said."The remaining trading sessions will follow according to the standard schedule for the day," the JSE said.Early trade volumes were weak following a sharp fall in oil prices on Friday. However, on Monday Brent crude was again on the up, gaining 1.16% to $73.88 a barrel."The market expected production cuts to be eased, adding more supply to the market and putting downward pressure on prices," FxPro analysts said.Oil cartel Opec and nonOpec members are meeting in Vienna on Thursday for the start of a three-day summit where production cuts are on the agenda as the latest US data showed an increase in production.The Dow closed 0.34% lower...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.