JSE edges a little lower as markets tread water
There were few events to give the market direction on Tuesday, with investors seemingly content to take profits after Monday's gains
The JSE edged lower on Tuesday morning, with banks giving up a little of the 3% surge they saw on Monday. Global markets had pushed convincingly higher on the first day of April, boosted by better-than-expected Chinese manufacturing data. The local market, as well as the rand, were also cheering a decision by Moody's Investors Service not to release its review of SA's credit rating at the weekend. At 10.02am on Tuesday, the all share was 0.2% lower at 56,994 points and the top 40 was 0.28% down. Food and drug retailers were down 1.8%, banks 0.71% and industrials 0.51%. Platinums added 1.47%.
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