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Johannesburg - The JSE ended little changed on Wednesday after a volatile session‚ while bargain hunting in the resources sector continued for a second day.
At 17:00‚ the JSE All Share [JSE:J203] index was flat (0.05%) at 41 836.02 points.
The platinum and resource indices lifted 2.95% and 1.30% respectively but industrials eased 0.39% on profit taking.
“The late rally in our market stemmed from the positive performance on Wall Street after the US Federal Reserve chairperon Ben Bernanke’s comments that the quantitative easing programme would remain in place‚” said Kyle Dutton‚ a trader at Mercato Financial Services.
Retail stocks were also in focus after Lewis reported full year profit that blew past analysts’ expectations‚ boosting sentiment in the sector.
Top European stock markets were mixed in late trade while the Dow Jones industrial average lifted into record territory.
Among individual shares on the JSE‚ Anglo American (AGL) was up 2.01% to R239.41‚ Amplats recovered 3.12% to R297.51‚ Impala Platinum (IMP) rose 3.70% to R100.59‚ Northam Platinum (NHM) was up 3.21% to R32.20‚ Aquarius (AQP) gained 5.32% to R6.14 and African Rainbow Minerals (ARI) lifted 4.38% to R175.
In the gold sector Gold Fields (GFI) improved 1.67% to R55.08 and Harmony (HAR) added 1.43% to R35.50.
ArcelorMittal SA (ACL) gained 1.68% to R25.03‚ Kumba Iron Ore (KIO) was up 2.71% to R539 and Exxaro (EXX) added 2.39% to R147.20.
Unsecured lender African Bank Investments (ABL) regained 7.56% to R18.50‚ after recent heavy losses‚ and Investec plc (INP) added 2.07% to R72.64. Standard Bank (SBK) was up 1.07% to R113.45‚ while FirstRand (FSR) lost 1.71% to R31.11.
The company announced on Wednesday that First National Bank’s CEO Michael Jordaan would be stepping down and would be replaced by business banking’s head‚ Jacques Celliers.
Lewis was up 13.44% to R59 after it earlier reported a 13.8% rise in full year profit to March.
The Foschini Group (TFG) gained 7.59% to R110.50.
In construction Basil Read Holdings (BSR) gave up 2.95% to R9.86‚ while Murray and Roberts Holdings (MUR) gained 1.38% to R22.
At 17:00‚ the JSE All Share [JSE:J203] index was flat (0.05%) at 41 836.02 points.
The platinum and resource indices lifted 2.95% and 1.30% respectively but industrials eased 0.39% on profit taking.
“The late rally in our market stemmed from the positive performance on Wall Street after the US Federal Reserve chairperon Ben Bernanke’s comments that the quantitative easing programme would remain in place‚” said Kyle Dutton‚ a trader at Mercato Financial Services.
Retail stocks were also in focus after Lewis reported full year profit that blew past analysts’ expectations‚ boosting sentiment in the sector.
Top European stock markets were mixed in late trade while the Dow Jones industrial average lifted into record territory.
Among individual shares on the JSE‚ Anglo American (AGL) was up 2.01% to R239.41‚ Amplats recovered 3.12% to R297.51‚ Impala Platinum (IMP) rose 3.70% to R100.59‚ Northam Platinum (NHM) was up 3.21% to R32.20‚ Aquarius (AQP) gained 5.32% to R6.14 and African Rainbow Minerals (ARI) lifted 4.38% to R175.
In the gold sector Gold Fields (GFI) improved 1.67% to R55.08 and Harmony (HAR) added 1.43% to R35.50.
ArcelorMittal SA (ACL) gained 1.68% to R25.03‚ Kumba Iron Ore (KIO) was up 2.71% to R539 and Exxaro (EXX) added 2.39% to R147.20.
Unsecured lender African Bank Investments (ABL) regained 7.56% to R18.50‚ after recent heavy losses‚ and Investec plc (INP) added 2.07% to R72.64. Standard Bank (SBK) was up 1.07% to R113.45‚ while FirstRand (FSR) lost 1.71% to R31.11.
The company announced on Wednesday that First National Bank’s CEO Michael Jordaan would be stepping down and would be replaced by business banking’s head‚ Jacques Celliers.
Lewis was up 13.44% to R59 after it earlier reported a 13.8% rise in full year profit to March.
The Foschini Group (TFG) gained 7.59% to R110.50.
In construction Basil Read Holdings (BSR) gave up 2.95% to R9.86‚ while Murray and Roberts Holdings (MUR) gained 1.38% to R22.
