JSE climbs more than 2%

The JSE soared on Monday bolstered by robust global markets and tolerance for riskier assets like equities.

At the close, the JSE all share index rose 2.22%, with resources 3.13% higher and platinum miners 3.01% stronger. Gold miners added 0.41%. Banks were 2.27% up, financials rose 1.92% and industrials edged up 1.47%. Gold was quoted at $1,200.57/oz from $1,218.65/oz at the JSE's previous close, while platinum was at $1,559.50/oz from $1,538.50/oz at the JSE's last close.

Traders said volumes were light largely due to the FIFA World Cup, which drew traders away from their desks.

One trader said the local market stayed strong in thin trade for the rest of the day. Investors appeared to be positioning themselves for the futures close-out on Thursday and the holiday on Wednesday, the trader said.

"Traders are unlikely to take unusually big positions ahead of the close-out," the trader said.

Another trader said positive sentiment on the global markets supported the local stock exchange.

Dow Jones Newswires reports US stocks gained on Monday, as ebbing fears over a contraction in global growth brought back appetite for riskier assets.

Asian markets gained, as did European markets.

On the JSE, diversified miner BHP Billiton rose R6.88 or 3.28% to R216.95. Anglo gained R12.10 or 4.21% to R299.79 while Sasol added R11.23 or 4.09% to R285.48.