Money SA economy
The JSE was firmer in noon trade on Monday in line with global markets as concerns over fiscally strapped Greece eased.
However, with Tuesday being a public holiday and many players having taken Monday off to make a long weekend of it, trade was quiet and volumes very light.
By 12pm the JSE all share index was up 1.02%, with resources 1.34% higher, gold miners adding 0.98% and platinum miners up 1.37%. Banks added 2.96%, financials were up 1.79%, while the industrial index was 0.31% firmer.
Gold was quoted at $1 154.84/oz from $1 153/oz at the JSE's last close. Platinum was at $1 751.50/oz from $1 741/oz at the JSE's last close. "We're basically just following global markets at the moment. The JSE is expected to retain a firm undertone for the remainder of the session," a local equities trader said.
Dow Jones Newswires reported that European stock markets were sharply higher on Monday, with market participants continuing to react positively to Greece's move to request help from the European Union and the International Monetary Fund.
US stocks are expected to open slightly higher on Monday, continuing the positive trend seen on Friday and following the rise in Europe and Asia. David Morrison at GFT calls the DJIA up ten points at 11,214 and the S&P 500 up one at 1218.
On the JSE, Anglo added R5.64 or 1.73% to R331.57, and BHP Billiton picked up R2.80 or 1.17% to R243.10 while Sasol was up R3.91 or 1.3% to R304.51.
