Johannesburg - The JSE Ltd
[JSE:JSE] share market extended its gains at noon‚ in line with global counterparts‚ after the German constitutional court approved the legality of eurozone bailout fund‚ the European Stability Mechanism (ESM).
At 12:48‚ the JSE all-share index was up 0.80% to 35 731.39 points‚ with resources gaining 1.02%‚ while the platinum index dropped 1.08%.
“The ESM decision means more confidence in the stock markets. Commodity prices reacted positively‚” said Francois Venter‚ equity dealer at Investec Asset Management.
European shares were firmer at noon‚ with London’s FTSE 100 index up 0.23%‚ while US stock futures pointed to a strong open on Wall Street.
Among individual shares on the JSE‚ BHP Billiton
[JSE:BIL] lifted 2.31% to R256.37‚ but Anglo Platinum
[JSE:AMS] shed 3.93% to R418‚ Lonmin
[JSE:LON] lost 2.64% to R78.28‚ while Aquarius Platinum
[JSE:AQP] lifted 6.27% to R5.42.
Harmony Gold Mining Company
[JSE:HAR] shed 1.37% to R69.60‚ while Exxaro Resources
[JSE:EXX] climbed 2.57% to R164.40.
MTN Group
[JSE:MTN] lifted 1.70% to R159.95 and Investec plc
[JSE:INP] rallied 2.45% to R52.25.