• Conflict over water, coal

    SA's leaders have upped their support of the water-intensive coal industry, says Keith Schneider.

  • Cost of doing business

    The world can't afford the $4.7trn a year in environmental costs of business, says Mandi Smallhorne.

  • Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

All data is delayed
See More

JSE a tad higher‚ platinums weigh

Jul 19 2012 10:26
I-Net Bridge

Johannesburg - The JSE was a touch higher at the open on Thursday‚ as the platinum sector weighed on the all-share index following Anglo Platinum’s (AMS) downbeat trading update.

At 09:25 local time‚ the JSE All Share [JSE:J203] index inched up 0.09% to 34‚064.29 points‚ with resources slipping 0.10%‚ platinum shares shedding 0.54% and gold counters dipping 0.11%.

Financials edged up 0.09%‚ with banking stocks and industrials both 0.22% in the black.

The rand was firmer at R8.12 to the US dollar‚ from R8.16 at the JSE’s close on Wednesday‚ while gold changed hands at $1 583.22 a troy ounce from $1 576.15/oz at the JSE’s previous close and platinum was quoted at $1 418/oz‚ from $1 411.70/oz previously.

“Market players‚ particularly in the banking and retail space‚ will watch closely the Reserve Bank’s decision on interest rates‚” said Viv Govender‚ analyst at Vunani Private Clients. “On the global level‚ the US corporate earnings picture looks reasonably well so far.”

Leading European share markets opened slightly higher‚ with London’s FTSE 100 up 0.09%.

Risk assets are finding support after US Federal Reserve chairperson Ben Bernanke reiterated to Congress on Wednesday that the Fed stood ready to take necessary measures to boost the US economy‚ if and when necessary. Ongoing hope of further stimulus in China had also helped sentiment‚ Dow Jones Newswires reported.

In Asia‚ stock markets were higher‚ with Japan’s Nikkei average ending the session up 0.79%‚ while the Hang Seng index was up 1.57% by 09:25 SA time.

jse  |  markets



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The upcoming petrol price hike is:

Previous results · Suggest a vote