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Johannesburg - The JSE had a strong start on Tuesday morning, with banking stocks taking the bulk of the support.
Sentiment in global stocks and the JSE was lifted by US Federal Reserve chairperson Ben Bernanke's recent comments on interest rates.
At 09:16 local time, the JSE All Share [JSE:J203] index was up 0.74% to 33 911.99 points, with banks rising 1.18%, resources up 0.81%, and platinum miners adding 0.79%.
Financials gained 0.74%, industrials rose 0.63%, and gold miners were 0.58% higher.
The rand was trading at R7.59 to the US dollar, from R7.58 at the JSE's close on Monday. Gold was quoted at $1 688.69 a troy ounce from $1 685.69/oz at the JSE's previous close, while platinum was at $1 647/oz from $1 644/oz.
A local trader said that the "nice strong start" on Tuesday was "pretty much across most sectors".
The gold price was stronger, the trader said, adding "we are looking quite firm even on the resources side".
Dow Jones Newswires reported that European stock markets were expected to open modestly higher on Tuesday, inspired by gains on Wall Street and across Asian markets overnight after Bernanke emphasised that low interest rates are still needed to support the US labour market.
In Asia, regional markets were mostly higher, the Dow Jones Newswires reported.
The Nikkei rose 2.4%, the S&P/ASX gained 0.9%, the HSI climbed 1.6%, the Kospi jumped 1.0%, the Taiex advanced 0.8%, the Sensex was up 0.6%, the Shanghai Composite slipped 0.1%, the STI rose 1.1%, and the NZX-50 added 0.3%.
After regional equities recently suffered some of their biggest selloffs in months, investors were encouraged by Wall Street's strong rise on Monday, with the S&P 500 tapping another near four-year high, spurred by Bernanke's comments.
Sentiment in global stocks and the JSE was lifted by US Federal Reserve chairperson Ben Bernanke's recent comments on interest rates.
At 09:16 local time, the JSE All Share [JSE:J203] index was up 0.74% to 33 911.99 points, with banks rising 1.18%, resources up 0.81%, and platinum miners adding 0.79%.
Financials gained 0.74%, industrials rose 0.63%, and gold miners were 0.58% higher.
The rand was trading at R7.59 to the US dollar, from R7.58 at the JSE's close on Monday. Gold was quoted at $1 688.69 a troy ounce from $1 685.69/oz at the JSE's previous close, while platinum was at $1 647/oz from $1 644/oz.
A local trader said that the "nice strong start" on Tuesday was "pretty much across most sectors".
The gold price was stronger, the trader said, adding "we are looking quite firm even on the resources side".
Dow Jones Newswires reported that European stock markets were expected to open modestly higher on Tuesday, inspired by gains on Wall Street and across Asian markets overnight after Bernanke emphasised that low interest rates are still needed to support the US labour market.
In Asia, regional markets were mostly higher, the Dow Jones Newswires reported.
The Nikkei rose 2.4%, the S&P/ASX gained 0.9%, the HSI climbed 1.6%, the Kospi jumped 1.0%, the Taiex advanced 0.8%, the Sensex was up 0.6%, the Shanghai Composite slipped 0.1%, the STI rose 1.1%, and the NZX-50 added 0.3%.
After regional equities recently suffered some of their biggest selloffs in months, investors were encouraged by Wall Street's strong rise on Monday, with the S&P 500 tapping another near four-year high, spurred by Bernanke's comments.
