The JSE ended flat on Tuesday moving in line with a sideways Wall Street, with a local trader saying the bourse was seeing some buying, but with market players remaining cautious.

At 5pm the JSE all share index was flat, down 0.17 percent, resources weakened 0.59 percent, gold producers fell 2.40 percent and platinum counters declined 0.72 percent.

Banks and financials collected 0.69 percent and 0.45 percent respectively, while industrials were unchanged.

The rand was bid at 7.49 to the dollar, from 7.47 when the JSE closed on Monday. Gold was quoted at $1164.32 a troy ounce from $1170.60 at the JSE's last close, and platinum was at $1454/oz, from $1452/oz at its previous close.

"We were down this morning, but we ended flat. The GDP figures were better than expected, I think the market still has a bit of legs to it," the trader said.

"The Dow is slightly down. I think there is still a bit of upside in the market; markets just don't want to fall.

"The overseas guys are buying and pushing the market up, but our local guys are selling. The heavyweights are looking a bit pricey. I wouldn't rush into the market. The guys are a bit cautious," he said.

Dow Jones Newswire reported that US stocks opened lower on Tuesday, led by the energy and financial sectors as crude-oil futures fell and worries about the financial sector increased after China's banking regulator warned the nation's lenders to strictly comply with capital requirements or face sanctions.

The DJIA was down 60 points, or 0.6 percent, to 10389, recently. Boeing led the measure's declines, dropping 1.7 percent. Hewlett-Packard was also among the measure's worst performers, falling 1.1 percent despite the company reporting a 14 percent jump in quarterly profit, as investors were disappointed by an 8.4 percent drop in revenue in the quarter.

The technology-heavy Nasdaq Composite fell 0.2 percent. The Standard & Poor's 500 edged 0.1 percent lower. Declines in its energy and financial sectors were offset by gains in its telecommunications and health-care categories.

The Commerce Department's revisions to several of its third-quarter estimates tempered sentiment on Tuesday. The revisions showed lower gross domestic product and consumer spending and a wider trade deficit than previously estimated. However, that was offset in part by the fifth monthly increase in US home prices in September, as well as a sequential rise in home prices in the third quarter, according to the S&P Case-Shiller home- prices indexes.

Third-quarter US GDP was revised lower, to 2.8 percent from the 3.5 percent gain originally estimated, although the revision was in line with forecasts. It showed overall consumer spending rose 2.9 percent in the third quarter and contributed 2.1 percentage points to GDP at annual rates, smaller than prior estimates. A wider trade deficit also contributed to the lower third-quarter GDP number. Still, the rise in GDP was the first since the second quarter of 2008 and the strongest in nearly two years

At the time the JSE closed, the DJIA had weakened 0.47 percent.

Among equity movers on the JSE, Anglo American plc (AGL) added two rand to 326.75 rand, but BHP Billiton (BIL) moved three rand, or 1.29 percent, lower to 230 rand.

Petrochemicals group Sasol (SOL) advanced 1.79 rand to 299.98 rand. ArcelorMittal (ACL) was up 1.42 rand, or 1.32 percent, to 109.40 rand, but Highveld Steel (HVL) declined 95 cents, or 1.46 percent, to 64 rand.

Kumba Iron Ore (KIO) collected 1.40 rand to 262.90 rand. It earlier said it expected exports to reach 34 million tonnes in 2009.

The company exported over 24 million tonnes of iron ore in 2008.

It said attributed the increases in exports to production increases and reduced domestic demand from ArcelorMittal South Africa, which buys an estimated 2.5 million tonnes a year from Kumba.

Speaking at a media site visit to Kumba's 8.5 billion rand Sishen South Project in the Northern Cape, Kumba CEO Chris Griffith said the company was currently exporting to customers in a number of European countries, as well as China, Korea and Japan.

It also said it was on track to begin exporting from its 8.5 billion rand Sishen South project in 2012.

AngloGold Ashanti (ANG) fell 10.75 rand, or 3.15 percent, to 330 rand, Gold Fields (GFI) was down two rand, or 1.80 percent, to 109 rand and Harmony (HAR) declined 95 cents, or 1.18 percent, to 79.75 rand.

Platinum miner Anglo Platinum (AMS) shed 2.48 rand to 736 rand, Impala Platinum (IMP) was 1.69 rand weaker at 172.81 rand and Lonmin (LON) was off 2.30 rand, or 1.04 percent, to 218.70 rand.

In diversified miners, African Rainbow (ARI) was up 2.40 rand, or 1.49 percent, to 163.40 rand and Hulamin (HLM) put on 31 cents, or 2.33 percent, to 13.60 rand.

Among industrials on the JSE, SABMiller (SAB) rose one rand to 221 rand and Imperial (IPL) firmed 3.10 rand, or 3.79 percent, to 85 rand, but British American Tobacco (BTI) gave up 3.20 rand, or 1.32 percent, to 238.40 rand.

Fast-moving consumer goods group Tiger Brands (TBS) firmed 3.10 rand, or 1.94 percent, to 163 rand. It earlier reported diluted headline earnings per share of 1,398.4 cents for the year ended September 30, from vs 1,517 cents earlier.

Headline earnings per share from continuing operations was up 20 percent, at 1,382.1 cents.

Earnings per share from continuing operations increased 45 percent to 1,556.8 cents per share.

Tiger Brands' revenue was at 20.64 billion rand versus 19.17 billion rand earlier, it said.

Banker Absa (ASA) added 1.50 rand, or 1.19 percent, to 127.50 rand and FirstRand (FSR) rose 34 cents, or 1.95 percent, to 17.80 rand.

Sugar group Illovo (ILV) weakened 50 cents, or 1.59 percent, to 31 rand.

Media group Naspers (NPN) was down 2.25 rand to 290 rand, but Avusa (AVU) put on 75 cents, or 4.62 percent, to 17 rand.

Among retailers, JD Group (JDG) declined 1.22 rand, or 2.67 percent, to 44.48 rand and Steinhoff (SHF) weakened 20 cents, or 1.08 percent, to 18.35 rand, but Mr Price (MPC) rose 35 cents, or 1.07 percent, to 33.15 rand.

Construction group Aveng (AEG) weakened 50 cents, or 1.25 percent, to 39.40 rand and Murray & Roberts (MUR) lost 1.63 rand, or 2.99 percent, to 52.85 rand.

Pharmaceutical company Adcock Ingram (AIP) gained 2.09 rand, or 4.15 percent, to 52.49 rand. It earlier reported a 16.4 percent rise in diluted headline earnings per share to 448.4 cents for the year ended September 2009.

HEPS were 16.1 percent higher at 450.0 cents from 387.6 cents before.

A final dividend of 80 cents per share was declared.

The group reported a 21 percent rise in turnover to 4.0 billion rand, benefiting from 12 percent volume growth, the Single Exit Pricing (SEP) increase and changed product mix.

Headline earnings for the year were up 16.5 percent to 779.3 million rand.

UCS Group (UCS) was down 10 cents, or 5.71 percent, to 1.65 rand. The investment holding company for IT businesses earlier reported a 63.6 percent decline in diluted headline earnings per share to 11.2 cents from continuing and discontinued operations for the year ended September 2009 from 30.8 cents a year ago.

Diluted HEPS for continuing operations were 4.9 cents from 22.2 cents a year ago, a decline of 77.9 percent.

Revenue for the year was up 29.2 percent at 1.248 billion rand. Profit from continuing operations was down 80.1 percent to 14.87 million rand, and profit for the year from discontinued operations was 216 percent lower at 35.70 million rand.

Profit for the year was 62.2 percent lower at 40.57 million rand.

Telecommunications group MTN Group (MTN) eased 40 cents to 119 rand and Telkom (TKG) gave up 30 cents to 38.85 rand, but Vodacom (VOD) edged up 15 cents to 58.65 rand.

Telkom CEO Reuben September earlier reiterated the need to get its mobile offering up and running to become South Africa's fourth mobile operator, following a 9 percent decrease in Telkom South Africa's traffic revenue.

The group said it would spend six billion rand to implement mobility over a five-year period, with an entry stage set for 2010.

September said the continuing trend highlighted the imperative need for the group to enter the mobile market, particularly the mobile data and voice market.