Bull and bear statues at the JSE.  Picture: MICHAEL BRATT

THE JSE remained weaker at noon on Monday, with gold shares leading the mild pullback after the all share index lifted to a fresh record on Friday.

At 12.29pm, the all share index was down 0.32% at 37,984.31 points, with the top 40 index slipping 0.38% to 33,745.03. Gold stocks led the downside, dropping 2.41%.

"The market climate is still looking positive overall. The consolidation is not unexpected after a good run last week," independent analyst Ian Cruickshanks said.

Last month, the all share index gained more than 2%, led by industrials.

"The backdrop for commodity-based stocks, however, remains positive following the uptick in the Chinese manufacturing data although we still need to see a firmer trend," Newstrading trader Devin Shutte said.

China’s official purchasing managers index rose to a seven-month high of 50.6 in November, up from 50.2 in October.

Leading European markets were slightly higher at noon, with UK’s FTSE 100 up 0.23%.

Among individual stocks on the JSE, AngloGold Ashanti was down 2.39% to R271.42, Gold Fields dropped 2.71% to R107.22 and Harmony Gold Mining gave up 2.29% to R68.34.

Sasol gave up 1.52% to R368.97, while Lonmin gained 2.12% to R37.99.

MTN, however, lifted 2.31% to R167.41, Discovery Holdings rose 1.49% to R56.64 and Growthpoint was up 3.67% at R25.40.