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The JSE opened firmer in line with global markets. Local resources and miners were particularly strong, but gains were recorded across the board on the local bourse.
By 9.16am the JSE all share index was up 1.06%, with resources 1.71% better, gold miners up 2.16% and platinum miners 2.07% stronger. Banks were 1.08% firmer, financials added 0.73% and the industrial index picked up 0.54%.
Gold was quoted at $1 155.26/oz from $1 145.90/oz at the JSE's last close. Platinum was at $1 724/oz from $1 705.50/oz at the JSE's last close.
A local trader said resources and miners were strong as the gold price ticked up.
"Across the board stocks are looking quite a bit firmer. Even banks and retailers are having a good start to the day. We were looking pretty dismal towards the close yesterday, but the Dow closed positively last night and Asian markets are a little firmer this morning, so it's a nice strong start.
"There is still some nervousness as we approach technical levels, but if these are broken the strength could carry on," the trader added.
Asian stock markets were mostly mixed to slightly higher on Wednesday with technology stocks leading the gainers after the strong results from technology giant Intel Corp.
The Nikkei closed up 0.4%, while in Hong Kong, the Hang Seng was last 0.37% higher.
