Money SA economy
The JSE remained in the black by noon on Wednesday supported firmly by commodity stocks on the back of a weak dollar.
At 12.09pm the JSE all share index had collected 0.81%, with resources adding 1.79%, platinum producers up 2.18% and gold miners firming 6.52%. Banks were flat, down 0.10%, as were financials, down 0.15%, and industrials edged up 0.25%.
Gold was quoted at $1,092.97 a troy ounce from $1,061.40 at the JSE's last close - having hit a new record of $1,094.10 earlier - and platinum was at $1,363.50/oz, from $1,353/oz at its previous close.
"It all started in US last night with the announcement from Warren Buffett, that supported the market. Eastern markets also turned positive and Europe is up as well. We are following world markets," an equities trader said.
Dow Jones Newswire reports the FTSE stayed firm as investors buy on higher US stock futures. The FTSE 100 was last up 0.57%.
US stocks are called to open higher on Wednesday, supported by dollar weakness, said David Morrison at GFT.
On the JSE, Anglo American plc was up R4.80, or 1.66%, to R294 rand and BHP Billiton edged up 74 cents to R212. Petrochemicals group Sasol eased 10 cents to R293.40.
