South African stocks moved slightly higher in early trade on Friday, with a strong rand and weaker Asian markets limiting moves on the local bourse.

By 9.12am, the JSE all share index had collected 1.08 percent, with resources adding 1.51 percent, platinum miners gaining 1.94 percent and gold counters edging up 0.66 percent.

Banks were up 1.23 percent, financials put on 0.85 percent and industrials edged up 0.67 percent.

"We have edged up this morning. Asia was weak this morning, so we are not really seeing a follow through from the US. As the day progresses we will probably see the market move lower," an equities trader said.

"The rand is strong and is probably hampering some moves. We will eye the US for direction, but we are likely to see some profit taking and consolidation as the day progresses.

"We need to see the market move to lower levels before some buyers can come in," he said.

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