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Johannesburg - The JSE opened stronger on Thursday, picking up from where it left off yesterday as investors continued to search for bargains.
By 09:21 local time, the All Share [JSE:J203] was up 0.65%, with resources firming 0.88%, gold miners jumping 1.08% and platinum miners adding 0.82%. Financials were 0.50% higher, banks rose 0.48% and industrials gained 0.42%.
The rand was bid at R6.9298 to the dollar from R6.9414 at the JSE's close on Wednesday. Gold was quoted at US$1,436.74 a troy ounce from US$1,440.27/oz at the JSE's previous close, while platinum was at $1,753.50/oz from $1,748.00/oz before.
A trader said the local bourse was following world stocks, which were generally higher, but that trading remained cautious due to the Libyan and Japanese concerns.
Dow Jones Newswires reported that Asian stock markets were mostly higher on Thursday, but the Tokyo market struggled to make headway amid continued uncertainty about the stability of a troubled nuclear power complex, and on concerns about the economic cost of this month's crippling earthquake and tsunami.
Japan's Nikkei Stock Average was flat, Australia's S&P/ASX 200 was up 0.8%, South Korea's Kospi Composite was up 0.8% and New Zealand's NZX-50 was 0.3% higher. Hong Kong's Hang Seng Index tacked on 0.8% and China's Shanghai Composite rose 0.1%.
Dow Jones Industrial Average futures were down seven points in screen trade.
In Japan, investors looked for more clarity on the troubled Fukushima nuclear plant situation, and the associated costs from this month's devastating earthquake.
On the JSE, Anglo American [JSE:AGL] rose R2.85 to R353.36, BHP Billiton [JSE:BIL] edged up R3.51 or 1.35% to R263.20 and Sasol [JSE:SOL] was up R1.09 at R374.05.
Paper and pulp group Sappi [JSE:SAP] garnered 43 cents or 1.27% to R34.33.
Among banks and financial stocks, FirstRand [JSE:FSR] rose 11 cents to 19.30 rand and RMB Holdings [JSE:RMH] was up 27 cents or 1.06% to R25.77.
By 09:21 local time, the All Share [JSE:J203] was up 0.65%, with resources firming 0.88%, gold miners jumping 1.08% and platinum miners adding 0.82%. Financials were 0.50% higher, banks rose 0.48% and industrials gained 0.42%.
The rand was bid at R6.9298 to the dollar from R6.9414 at the JSE's close on Wednesday. Gold was quoted at US$1,436.74 a troy ounce from US$1,440.27/oz at the JSE's previous close, while platinum was at $1,753.50/oz from $1,748.00/oz before.
A trader said the local bourse was following world stocks, which were generally higher, but that trading remained cautious due to the Libyan and Japanese concerns.
Dow Jones Newswires reported that Asian stock markets were mostly higher on Thursday, but the Tokyo market struggled to make headway amid continued uncertainty about the stability of a troubled nuclear power complex, and on concerns about the economic cost of this month's crippling earthquake and tsunami.
Japan's Nikkei Stock Average was flat, Australia's S&P/ASX 200 was up 0.8%, South Korea's Kospi Composite was up 0.8% and New Zealand's NZX-50 was 0.3% higher. Hong Kong's Hang Seng Index tacked on 0.8% and China's Shanghai Composite rose 0.1%.
Dow Jones Industrial Average futures were down seven points in screen trade.
In Japan, investors looked for more clarity on the troubled Fukushima nuclear plant situation, and the associated costs from this month's devastating earthquake.
On the JSE, Anglo American [JSE:AGL] rose R2.85 to R353.36, BHP Billiton [JSE:BIL] edged up R3.51 or 1.35% to R263.20 and Sasol [JSE:SOL] was up R1.09 at R374.05.
Paper and pulp group Sappi [JSE:SAP] garnered 43 cents or 1.27% to R34.33.
Among banks and financial stocks, FirstRand [JSE:FSR] rose 11 cents to 19.30 rand and RMB Holdings [JSE:RMH] was up 27 cents or 1.06% to R25.77.
