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JSE opens higher

Commodities sent the JSE straight into the black on Tuesday morning amid firm metal prices, with the local bourse also boosted by the sentiment in Asia and the US.

By 09:17 the JSE all share index had added 0.96%, with platinum miners up 2.47% and resources firmed 1.8%. Gold miners gained 0.29%.

Banks were 0.46% stronger, financials were 0.42% better off and industrials edged up 0.36%.

Gold was quoted at $1 111.92/oz a troy ounce from $1 112.78/oz at the JSE's last close. Platinum was at $1 624/oz from $1 615.50/oz at the JSE's last close.

"The market is firmer this morning boosted by commodity stocks as a result of firmer metals.

"In overseas markets, Asia is mostly higher and the Dow closed up overnight."

 

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