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Johannesburg - The JSE maintained its positive
tone on Tuesday, in line with leading European stock market indices,
lifted mainly by better than expected German gross domestic product
(GDP) data.
At 12:07 local time, the JSE All Share [JSE:J203] index was up 0.57% to 33 723.88 points, with resources recovering 0.55% but platinum miners losing 0.84% and gold mining counters shedding 1.20%.
Financials were up 0.34%, banking stocks lifted 0.30% and industrials rose 0.72%.
The rand was trading at 8.17 to the US dollar, unchanged from the JSE's close on Monday, while gold was quoted at $1 559.13 a troy ounce from $1 562.62/oz at the JSE's previous close and platinum was at $1 451/oz, from $1 449.50/oz at the previous session.
"Given the big drop we had on Monday, I think players found some excuses to re-enter the market at these lower levels," said Viv Govender, market analyst at Vunani Private Clients Services.
European stocks were higher, boosted by better-than-expected German GDP figures, although developments in Greece and a slew of data still due for release have the potential to cut the bounce short, Dow Jones Newswires reported.
GDP rose by 0.5% from the fourth quarter of last year, and was up 1.2% from the corresponding period last year, compared with expectations for quarterly growth of just 0.1% and an annual expansion of 0.8%.
London's FTSE 100 index was up 4.23 points to 5 469.75 at about noon local time.
Asian markets ended mixed, as fears of a Greek exit of the eurozone were offset by data late in the trading session showing Germany's economy expanded more than expected.
The Hang Seng Index finished 0.81% higher while Japan's Nikkei fell 0.81%.
US stock futures also rose as they awaited a deluge of economic reports from the US, including the closely watched consumer-price-inflation and retail-sales numbers.
At 12:07 local time, the JSE All Share [JSE:J203] index was up 0.57% to 33 723.88 points, with resources recovering 0.55% but platinum miners losing 0.84% and gold mining counters shedding 1.20%.
Financials were up 0.34%, banking stocks lifted 0.30% and industrials rose 0.72%.
The rand was trading at 8.17 to the US dollar, unchanged from the JSE's close on Monday, while gold was quoted at $1 559.13 a troy ounce from $1 562.62/oz at the JSE's previous close and platinum was at $1 451/oz, from $1 449.50/oz at the previous session.
"Given the big drop we had on Monday, I think players found some excuses to re-enter the market at these lower levels," said Viv Govender, market analyst at Vunani Private Clients Services.
European stocks were higher, boosted by better-than-expected German GDP figures, although developments in Greece and a slew of data still due for release have the potential to cut the bounce short, Dow Jones Newswires reported.
GDP rose by 0.5% from the fourth quarter of last year, and was up 1.2% from the corresponding period last year, compared with expectations for quarterly growth of just 0.1% and an annual expansion of 0.8%.
London's FTSE 100 index was up 4.23 points to 5 469.75 at about noon local time.
Asian markets ended mixed, as fears of a Greek exit of the eurozone were offset by data late in the trading session showing Germany's economy expanded more than expected.
The Hang Seng Index finished 0.81% higher while Japan's Nikkei fell 0.81%.
US stock futures also rose as they awaited a deluge of economic reports from the US, including the closely watched consumer-price-inflation and retail-sales numbers.
