Money SA economy
The JSE moved sharply into the black on Monday tracking positive global sentiment, amid comments by the European Central Bank for a package which aims to prevent Greece's debt crisis from spreading to member countries.
The JSE had on Friday shipped just under 1 000 points, or 3.6% tracking a freefall on Wall Street. By 9.30am the JSE all share index gained 3.07%, with resources 3.59% firmer, and platinum miners up 4.29%. Gold miners shed 2.10%. Banks found 4.46%, financials added 3.27% and industrials were 2.38% stronger.
Gold was quoted a $1,1196.68/oz from $1,199.40/oz at the JSE's last close. Platinum was at $1,690/oz from $1,655/oz at the JSE's last close.
A local trader said: "The local bourse is quite a bit firmer today tracking the sentiment on global markets. Greece and its potential spill over into neighbouring countries is still very much on the agenda, and it looks like there is some progress on a package for the stricken area.
Dow Jones Newswires reported that European stocks opened firmer on Monday, adding early gains as investors cheered the EU's emergency package to stabilize the euro and prevent the Greek debt crisis from affecting other member countries.
On the JSE, Anglo gathered R15.54 or 5.48% to R299.32 while BHP Billiton added R9.44 or 4.48% to R219.92.
Sasol garnered R10.90 or 3.92% to R289.
