Company Data
| Last traded |
R33,104.06 |
| Change |
R111.81 |
| % Change |
0.34% |
| Cumulative volume |
0 |
| Market cap |
R0.00 |
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Top Stories
May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 28 2012 07:53
The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Johannesburg - The
JSE opened higher on Thursday morning, following US markets up.
A local trader said that the market was lifting on the back
of US markets, which welcomed the announcement by policy rate makers that they
were to keep rates lower for an extended period.
At 09:13 local time, the JSE All Share [JSE:J203] index had
risen 0.77%. Gold stocks jumped up 3.19%, resources strengthened 1.21%, and
platinum generated 0.68%.
Banks moved up 0.80%, financials gathered 0.51% and
industrials picked up 0.44%.
The rand strengthened significantly at R7.85 to the dollar
from R8.03 at the JSE's close on Wednesday. Gold traded at $1 713.26 a troy
ounce from $1 652.64 at the JSE's previous close, while platinum was quoted at
$1 583/oz, from $1 547/oz at the previous close.
Dow Jones Newswires reported that Asian markets were mixed
on Thursday, with confidence following the US Federal Reserve's decision to
hold interest rates at "exceptionally low levels" for at least two
years offset by profit-taking.
UK Prime Minister David Cameron will on Thursday call for
bold action to fuel economic growth in Europe by boosting competitiveness,
developing the single market, reducing regulation, and entering free trade
deals with countries that are willing.
German Chancellor Angela Merkel, sharply criticised for her
government's prescriptions of austerity as a cure for the eurozone's
sovereign debt crisis, said labour market reforms and greater European
integration also were needed to correct flaws in the makeup of the common
currency.
But she gave no sign that Germany would be willing to pour
more resources into the eurozone's inadequate bailout funds - a boost viewed by
many analysts as essential to combat a debt crisis that has threatened to
spread to Italy and Spain - and warned against putting faith in such vehicles.
On Thursday, investors will be keeping an eye on the World
Economic Forum's 2012 meeting at Davos, Switzerland, which will be in full
swing. It's likely that Greece will be at the top of the agenda.
In addition,
investors will be digesting the Federal Open Market Committee's key rate
announcement and Federal Reserve chairperson Ben Bernanke's press conference.
Investors may elect to nudge stock markets higher in Europe
on Thursday in following on Wall Street's gains, while bunds and gilts start
mixed. The euro is mixed, spot gold is nudging higher, and oil and copper
futures are climbing.