The JSE stayed in positive territory at noon on Wednesday, with local technology stocks shining on the back of strong earnings from the US technology giant Intel.
By noon local time the JSE all share index had gained 0.14%. Resources picked up 0.17%, and gold producers were 0.13% stronger. Platinum miners firmed 0.28%. Banks were up 0.38, financials also gained 0.28%, and industrials were flat at 0.06%. Gold was quoted at $1 213.51 a troy ounce from $1 214.49/oz at the JSE's previous close, while platinum was at $1 525.50/oz from $1 524.00/oz before.
A trader said the local market was firmer on positive US earnings reports, especially from Intel, which posted earnings that beat analysts' expectations. "Local technology stocks are the best performing sector thus far," the trader said.
Dow Jones Newswires reported that Asian markets climbed on Wednesday as Intel's strongest-ever quarterly results buoyed technology sector shares, while a robust economic picture in Singapore also aided sentiment.
On the JSE, market heavyweights were mixed, with Anglo American plc losing R1.41 to R277.46, but BHP Billiton pocketing 97 cents to R212.98 and Sasol rising R1.51 to R285.01.