The JSE reversed earlier gains in choppy trade on Monday while the resources sector staged a recovery after last week’s sell-off.
The all share was off just 0.07% at 51‚319.10 points in early afternoon trade‚ catching up with a weaker sentiment in Europe and Asia.
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The recent slide in commodity prices‚ coupled with some disappointing US corporate earnings data‚ has held global markets back.
"Commodities are actually overdone to the downside at the moment but the commodity complex is feeding on generally negative sentiment and exceptionally negative technical trend indicators‚" wrote Imara SP Reid analysts in a note.
Germany’s DAX 30 was off 1.26% at midday while US stock futures pointed to a weaker session on Wall Street in the afternoon. Earlier in Asia‚ China’s Shanghai Composite tumbled 8.48% at the close.
Among some individual shares‚ BHP Billiton gained 2.24% to R223.36.
Media and internet group Naspers was off 2.35% at R1‚782.12.
AngloGold Ashanti regained 6.37% to R83.18 and Harmony collected 8.38% to R12.94. But Lonmin shed 2.68% to R11.61.
Investec was off 1.97% at R115.52.
- BDlive 2015
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