Johannesburg - The JSE was within a whisker of its all-time high on Monday‚ taking its lead from generally positive global markets.
The rand came under renewed selling pressure‚ as unprotected strikes at diversified miner Exxaro spread. The rand weakness boosted gold shares and other rand-hedge stocks.
At 12:46‚ the JSE All Share [JSE:J203] index was up 0.34% to 40 871.66 points‚ with the Top 40 - (Tradeable) [JSE:J200] index gaining 0.32%. The gold and industrial indices picked up 0.78% and 0.43% apiece.
“The US jobs data was an exceptionally a good number. It reaffirmed that the US economy is on the road to recovery‚” said Ryan Wibberley‚ equity dealer at Investec Asset Management.
The US‚ which is world’s largest economy‚ created 236 000 jobs last month‚ well ahead of market expectations.
Leading European markets were mixed at noon‚ with London’s FTSE 100 flat.
On the JSE‚ AngloGold Ashanti (ANG) gained 1.35% to R226.56 and Harmony (HAR) lifted by 1.42% to R57.15 but Kumba Iron Ore (KIO) shed 2.56% to R556.54.
Impala Platinum (IMP) gained 1.03% to R137.40‚ while Lonmin (LON) gave up 1.81% to R45 and Aquarius (AQP) was off 1.61% at R7.35.
Among industrial stocks‚ SABMiller (SAB) rallied 1.40% to R472.08‚ a record high‚ and Barloworld (BAW) gained 2.35% to R91.91.
Construction share Aveng (AEG) lifted 4.15% to R37.16 - the company’s interim results are expected this Friday.
The rand came under renewed selling pressure‚ as unprotected strikes at diversified miner Exxaro spread. The rand weakness boosted gold shares and other rand-hedge stocks.
At 12:46‚ the JSE All Share [JSE:J203] index was up 0.34% to 40 871.66 points‚ with the Top 40 - (Tradeable) [JSE:J200] index gaining 0.32%. The gold and industrial indices picked up 0.78% and 0.43% apiece.
“The US jobs data was an exceptionally a good number. It reaffirmed that the US economy is on the road to recovery‚” said Ryan Wibberley‚ equity dealer at Investec Asset Management.
The US‚ which is world’s largest economy‚ created 236 000 jobs last month‚ well ahead of market expectations.
Leading European markets were mixed at noon‚ with London’s FTSE 100 flat.
On the JSE‚ AngloGold Ashanti (ANG) gained 1.35% to R226.56 and Harmony (HAR) lifted by 1.42% to R57.15 but Kumba Iron Ore (KIO) shed 2.56% to R556.54.
Impala Platinum (IMP) gained 1.03% to R137.40‚ while Lonmin (LON) gave up 1.81% to R45 and Aquarius (AQP) was off 1.61% at R7.35.
Among industrial stocks‚ SABMiller (SAB) rallied 1.40% to R472.08‚ a record high‚ and Barloworld (BAW) gained 2.35% to R91.91.
Construction share Aveng (AEG) lifted 4.15% to R37.16 - the company’s interim results are expected this Friday.