Money SA economy
The JSE posted broader gains at noon on Thursday as investors turned attention to the futures close-out, while keeping an eye on the global markets.
At 12.08pm the JSE all share index had gained 0.46%, with resources 0.71% higher and platinum miners 1.11% stronger. Gold miners added 0.66%. Banks were 1.63% up, financials rose 0.71% and industrials edged up 0.69%.
Gold was quoted at $1,233.74/oz from $1,225.63/oz at the JSE's previous close, while platinum was at $1,571.00/oz from $1,563.50/oz at the JSE's last close.
A local trader said the domestic market was closely watching the futures close-out, which started at 12pm local time and ends at 13:40. "Trade volumes are expected to increase considerably today as a result of the close-out," the trader said.
In the morning session, local shares were mixed with resources counters succumbing to profit taking, and other equities such as financials and industrials rising.
European markets firmed following a successful Spanish bond auction.
Down Jones Newswires reported that Asian stock markets saw a mixed finish after a choppy session on Thursday.
On the JSE at noon, Anglo was down R2.13 to R301.63 and BHP Billiton lost 18 cents to R217.20. Sasol gained R1.29 to R288.79.
