Money SA economy
The JSE opened cautiously firmer on Tuesday, following the lead of Asian markets which were also slightly firmer despite Wall Street closing 1% lower on Monday.
A local trader said firmer commodities prices were helping the local market.
By 9.20am the JSE all share index had added 0.93%, with resources 1.44% firmer, platinum miners 1.63% better and gold miners up 1.62%. Banks were 0.77% higher, financials collected 0.57% and industrials garnered 0.57%. Gold was quoted at $1 241.10/oz from $1 232.01/oz at the JSE's previous close while platinum was at $1 526.50/oz from $1 506.50/oz at the JSE's last close.
Dow Jones Newswires reported that European bourses are likely to open lower, as investors remain cautious following further falls in US markets overnight.
Asian stock markets are mostly higher Tuesday, with investors homing in only on bargains in some recently beaten down stocks.
On the JSE, Anglo was up R3.03, or 1.1%, to R279.60 and BHP Billiton added R3.20 or 1.64% to 198.70 rand. Sasol advanced R2.79 or 1% to R272.60.
