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Johannesburg - The JSE was firmer at noon on
Friday, with investors turning back to risky assets after an easing of
tension in the eurozone.
At 11:57 local time, the JSE All Share [JSE:J203] index was up 0.19% at 33 822.09 points, with gold miners down 0.24%, with resources (0.01%) and platinums (-0.03%) flat.
Financials were up 0.30%, banks shed 0.20% and industrials climbed 0.28%.
The rand was at 7.53 to the US dollar, from 7.47 at the JSE's close on Thursday. Gold was quoted at $1 699.05 a troy ounce from $1 701.90 at the JSE's previous close, while platinum was at $1 662/oz, from $1 658/oz.
The JSE's gains were "all to do with Greece", a local trader said, referring to the strong participation rate of the debt swap.
"Investors are back onto risk because euro tensions have eased", he said.
European stocks teetered between small gains and losses on Friday, as investors reacted to news that Greece has managed to secure enough commitments from private bondholders to push through a debt restructuring, Dow Jones Newswires reported.
London's FTSE 100 index was flat at 5 862.05 points.
The private sector commitments clear the way for Greece to secure the second tranche of its bailout package.
Under terms of the bond swap announced by the Greek government early on Friday, Greek bonds worth €172bn were tendered out of the total €206bn held by private investors, equating to an overall participation rate of 83.5%.
The figure is ahead of expectations for a participation rate of 75%-80%, but still falls short of the 90% target that would have allowed the swap to be completed on a voluntary basis.
Meanwhile, Japanese stocks drove a rally in Asian markets for a second straight day, with exporters leading the charge against the backdrop of the yen's recent losses, decline in Chinese inflation and optimism over Greece's debt restructuring.
The Nikkei Stock Average, which jumped 2% on the previous day, rose another 1.6% to finish the day at 9 929.74, its highest close since August 1.
Hong Kong's Hang Seng Index rose 0.9% to 21 086 points. China's Shanghai Composite advanced 0.8% to 2 439.46, after data showed that the February consumer price index had risen 3.2%, softening from a 4.5% reading in January.
At 11:57 local time, the JSE All Share [JSE:J203] index was up 0.19% at 33 822.09 points, with gold miners down 0.24%, with resources (0.01%) and platinums (-0.03%) flat.
Financials were up 0.30%, banks shed 0.20% and industrials climbed 0.28%.
The rand was at 7.53 to the US dollar, from 7.47 at the JSE's close on Thursday. Gold was quoted at $1 699.05 a troy ounce from $1 701.90 at the JSE's previous close, while platinum was at $1 662/oz, from $1 658/oz.
The JSE's gains were "all to do with Greece", a local trader said, referring to the strong participation rate of the debt swap.
"Investors are back onto risk because euro tensions have eased", he said.
European stocks teetered between small gains and losses on Friday, as investors reacted to news that Greece has managed to secure enough commitments from private bondholders to push through a debt restructuring, Dow Jones Newswires reported.
London's FTSE 100 index was flat at 5 862.05 points.
The private sector commitments clear the way for Greece to secure the second tranche of its bailout package.
Under terms of the bond swap announced by the Greek government early on Friday, Greek bonds worth €172bn were tendered out of the total €206bn held by private investors, equating to an overall participation rate of 83.5%.
The figure is ahead of expectations for a participation rate of 75%-80%, but still falls short of the 90% target that would have allowed the swap to be completed on a voluntary basis.
Meanwhile, Japanese stocks drove a rally in Asian markets for a second straight day, with exporters leading the charge against the backdrop of the yen's recent losses, decline in Chinese inflation and optimism over Greece's debt restructuring.
The Nikkei Stock Average, which jumped 2% on the previous day, rose another 1.6% to finish the day at 9 929.74, its highest close since August 1.
Hong Kong's Hang Seng Index rose 0.9% to 21 086 points. China's Shanghai Composite advanced 0.8% to 2 439.46, after data showed that the February consumer price index had risen 3.2%, softening from a 4.5% reading in January.
