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JSE cuts losses to close in the black

Dec 10 2012 18:58 I-Net Bridge

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Johannesburg — The SA share market shrugged off earlier losses to close just a few points off its record high on Monday‚ led by gold and platinum shares.

At 17:00‚ the All Share [JSE:J203] index was up 0.42% to 38 357.07 points‚ with the Top 40 - (Tradeable) [JSE:J200] index recovering 0.49% to 34 074.58. Gold and platinum counters rose 2.67% and 2.54% apiece.

“The market rally of the last couple of months and weeks looks intact as we head towards the end of the year. Platinum and gold shares picked up from oversold positions‚” said Ryan Wibberley‚ equity dealer at Investec Asset Management.

The platinum index lifted to its best level since June 21.

Leading European shares were flat in late trade‚ with the UK’s FTSE 100 gaining 0.09%‚ while the Dow Jones Industrial Average had gained 0.20% at 5.40pm local time. 
equities  |  jse  |  markets  |  stocks
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