Money SA economy
The JSE regained its composure at noon on Tuesday despite Greece downgrade, swinging from losses in early trading session to gains in line with the resilient global equities.
At 12.05pm the JSE all share index had gained 0.67%, with resources 0.66% higher and platinum miners 0.48% stronger. Gold miners added 1.00%. Banks were 0.32% up, financials rose 0.59% and industrials edged up 0.68%.
Gold was quoted at $1 221.92 a troy ounce from $1 200.57/oz at the JSE's previous close, while platinum was at $1 555.50/oz from $1 559.50/oz at the JSE's last close.
One trader said the local market was closely watching world stocks.
Even though the US equities closed weaker on Monday, the US futures indicated that the market there might rebound, the trader said.
The trader also said European markets were firmer despite Moody's downgrade of Greece's credit rating to junk status.
On global markets, Asian stock markets overcame weak cues from Wall Street and Greece's credit-ratings downgrade, with most ending modestly higher in choppy trading on Tuesday, with property shares helping Hong Kong advance for a sixth straight session.
On the JSE at noon, Anglo was up R2.26 to R302.05 and BHP Billiton added 75c to R217.70. Sasol gained R2.17 to R287.65.
