Money SA economy
Higher commodity prices spurred by positive international sentiment saw the JSE trading in the black at midday on Tuesday in line with global markets.
By 12pm the JSE all share index had added 0.66%, with platinum miners up 1.99% and resources firmed 1.7%. Gold miners however were off 0.57%.
Banks were 0.21% stronger, but financials (-0.05%) and industrials (-0.06%) were flat.
Gold was quoted at $1,109.89/oz a troy ounce from $1,112.78/oz at the JSE's last close. Platinum was at $1,624.50/oz from $1,615.50/oz at the JSE's last close.
"We're firmer in line with overseas markets. Although we've come off a little bit and volumes have been a bit light, there's still a nice firm undertone to the market," a local equities trader said.
Dow Jones Newswires reported that European stocks posted modest gains Tuesday, aided by a positive tone in Asia and led higher by the basic-resources sector, while Europe's support for Greece continued to ease pressure on the euro.
Meanwhile, basic-resources stocks helped Europe's equity markets higher, following the sector's rise in Asia.
On the JSE, Anglo American firmed R6.48 or 2.06% to R320.30 and BHP Billiton was up 5.06 rand or 2.02% to R256.03. Sasol added R6.53 or 2.16% to R308.15.
