The JSE was little changed as global markets were mixed on Friday morning, shedding Thursday’s gains.

By 09.41 am, the Shanghai Composite had gained 0.5% and Japan’s Nikkei 225 0.6%, while Hong Kong’s Hang Seng was down 0.48% as the city’s residents returned to the streets in protest. In Europe, the FTSE 100 had gained 0.13%, France’s CAC 40 0.16%, while Germany’s DAX 30 was flat.

The JSE all share and the top 40 were flat with the all share at 59,024 points. Banks had fallen 1.38% and financials 0.67%, while gold miners were up 1.52%, after closing as high as 5.98% on Thursday.  

Naspers had fallen 0.28% to R3,468.19 after its Hong-Kong listed subsidiary Tencent was earlier down 0.51%. Naspers is expected to release its annual results later in the day. The company said last week that earnings in the year to end-March grew by up to a third.

Among diversified miners, Glencore gained 1.34% to R51.50, BHP 1.26% to R360.44 and Anglo American 0.92% to R392.37. 

Rand hedges found some relief as the rand’s rally was cut short,  British American Tobacco had gained 1.82% to R518.44, AB InBev 0.78% to R1,292.26 and Richemont 0.45% to R119.83.  

At 09.40, the rand had weakened 0.57% to R14.4243/$, 0.76% to R16.3163/€ and 0.54% to R18.3210/£. The euro had gained 0.19% to $1,1311. 

No major data is expected on the local front. The US and the eurozone are set to release IHS Markit manufacturing purchasing managers’ index figures for June.