JSE up as volumes increase

The JSE ended stronger on Tuesday as it joined the world markets in brushing aside the Greece downgrade.

Trade volumes returned to normal levels as investors awaited the futures close-out on Thursday. The local market has been experiencing light volumes since last Friday's World Cup kick-off.

At the close, the JSE all share index rose 0.86%, with resources 0.86% higher and platinum miners 1.85% stronger. Gold miners added 0.62%. Banks were 0.91% up, financials rose 1.04% and industrials edged up 0.77%. Gold was quoted at $1,225.63/oz from $1,200.57/oz at the JSE's previous close, while platinum was at $1,563.50/oz from $1,559.50/oz at the JSE's last close.

The local market is closed for public holiday on Wednesday.

Dow Jones Newswires reports US stocks rose broadly on Tuesday, led by technology stocks as a strengthening euro helped boost confidence in the global economic recovery.

European stock markets were also higher and the euro was steady.