Money SA economy
The JSE was bolstered by firmer metal prices on Tuesday amid relatively light volume traded on the local bourse.
At its close, the JSE all share index had added 0.78%, with resources collecting 0.96% and gold miners firmed 1.46%, but platinum miners declined 0.13%. Banks were up 1.14%, financials were 0.73% higher and industrials added 0.64%.
Gold was quoted at $1 125.34/oz a troy ounce from $1 103.98/oz at the JSE's last close. Platinum was at $1 626/oz from $1 615.50/oz.
A local trader said: "Volume has been light all day, with the market lacking any clear direction.
"Metal prices firmed which may have helped the local bourse, but eyes will turn to the FOMC (Federal Open Market Committee) this evening for more direction, while a close-out on futures on Thursday is also likely to give us a better indication of where we stand locally," he said.
Dow Jones Newswires reported US stocks opened slightly higher on Tuesday ahead of a Federal Reserve meeting as a drop in import prices last month assuaged investors' worries that inflationary pressures could cause the Fed to raise rates earlier.
