Money SA economy
South African stocks aligned themselves in the black on Friday morning, tracking positive sentiment in Asia and following good performances on a micro and macro front in the US.
At 9.15am the JSE all share index had gained 0.34%, with resources picking up 0.52%. Platinum producers edged up 0.46% and gold counters garnered 0.46%. Banks added 0.47%, financials were 0.30% higher and industrials were up 0.28%
A local trader said: "We saw some good numbers from the US, particularly the GDP which confirmed markets' assumptions of green shoots.
"Both macro and micro, that is company and economic data in the US have seen some positive results and it appears that international markets are concentrating on the positive stuff."
Dow Jones Newswire reports European stocks are set to open higher on Friday, with stellar performances on US and Asian markets lending support, following better-than-expected US 3Q GDP figures.
On the JSE, Anglo American Plc gained 52c to R296 and BHP Billiton was up R1.34 to R222.25. Petrochemicals group Sasol added R2.80 to R303.40.
