Publications
Partners
Johannesburg - The JSE continued to push higher at noon on Friday, tracking positive investor sentiment, following a coordinated plan to deal with sovereign debt in Europe.
By 12:00 local time, the JSE All Share [JSE:J203] index added 0.84% to 32 724.54 points, with platinum index leading the way up 2.20%. Resources garnered 0.75%, and gold collected 0.31%.
Banks added 0.39%, industrials lifted 1.16%, and financials collected 0.39%.
The rand was trading at R7.72 to the dollar, from R7.71 at the JSE's close on Thursday. Gold traded at $1 738.98 a troy ounce from $1 727.11/oz at the JSE's previous close, while platinum was at $1 648.20/oz, from $1 621/oz previously.
"We are continuing to see upward momentum in the markets following the eurozone deal, although the pace is fairly moderate compared with yesterday," said Graham Ledbitter, portfolio manager at BoE Private Clients Services. "We would need strong economic data in the short to medium term to sustain this rally."
Dow Jones Newswires reported that European stocks were higher on Friday, as investors continued to take on risk given the positive sentiment generated on the back of eurozone leaders' agreement on a regional bailout package.
London's FTSE 100 index was up 0.16% to 5 722.87 points local time.
Asia markets rose earlier, extending an advance that started on Thursday after European leaders announced their latest plan to contain the region's sovereign-debt crisis.
Japan's Nikkei Stock Average rose 1.4%, Hong Kong's Hang Seng Index gained 1.7%, and the Shanghai Composite Index climbed 1.6%.
Asian, European and US stock markets all rose sharply on Thursday after European leaders put forward a plan to contain the region's sovereign-debt and banking crisis that included a 50% writedown on Greek government debt held by private bondholders and a boost to the region's bailout fund.
By 12:00 local time, the JSE All Share [JSE:J203] index added 0.84% to 32 724.54 points, with platinum index leading the way up 2.20%. Resources garnered 0.75%, and gold collected 0.31%.
Banks added 0.39%, industrials lifted 1.16%, and financials collected 0.39%.
The rand was trading at R7.72 to the dollar, from R7.71 at the JSE's close on Thursday. Gold traded at $1 738.98 a troy ounce from $1 727.11/oz at the JSE's previous close, while platinum was at $1 648.20/oz, from $1 621/oz previously.
"We are continuing to see upward momentum in the markets following the eurozone deal, although the pace is fairly moderate compared with yesterday," said Graham Ledbitter, portfolio manager at BoE Private Clients Services. "We would need strong economic data in the short to medium term to sustain this rally."
Dow Jones Newswires reported that European stocks were higher on Friday, as investors continued to take on risk given the positive sentiment generated on the back of eurozone leaders' agreement on a regional bailout package.
London's FTSE 100 index was up 0.16% to 5 722.87 points local time.
Asia markets rose earlier, extending an advance that started on Thursday after European leaders announced their latest plan to contain the region's sovereign-debt crisis.
Japan's Nikkei Stock Average rose 1.4%, Hong Kong's Hang Seng Index gained 1.7%, and the Shanghai Composite Index climbed 1.6%.
Asian, European and US stock markets all rose sharply on Thursday after European leaders put forward a plan to contain the region's sovereign-debt and banking crisis that included a 50% writedown on Greek government debt held by private bondholders and a boost to the region's bailout fund.
