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Johannesburg - The JSE kept a positive bias at
noon on Tuesday in fairly cautious trade, with the value traded
remaining below average at around R2.9bn.
Industrials led the upside as platinums recovered from the session lows while resources and banking shares struggled for direction after the previous day's steep losses.
At 12:01 local time, the JSE All Share [JSE:J203] index was up 0.52% to 33 878.85 points, with resources inching up 0.20% and platinum shares advancing 0.43%, while gold counters were flat 0.07%.
Financials were also flat (0.09%), as were banking stocks (0.08%), while industrials lifted 0.93%.
The rand was trading at R7.83 to the US dollar, from R7.85 at the JSE's close on Monday. Gold was quoted at $1 638.83 a troy ounce from $1 631.99/oz at the JSE's previous close, while platinum was at $1 553/oz, from $1 557.50/oz at the previous session.
"There isn't enough liquidity in the market at the moment. It's still a nervous market," said Nick Kunze, head of dealing at BJM Private Clients Services."
Jean Hamann, assistant portfolio manager at Korner Perspective, said selloff in the resources over the last while offered opportunities for potential buyers.
European stocks rose on Tuesday, with the worst-hit sectors from the previous session pacing the advance, while relatively well-received government debt auctions helped to underpin the mood, Dow Jones Newswires reported.
London's FTSE 100 index was up 0.55% to 5 696.83 points at noon local time.
The overall tone was supported by a series of decent government debt auctions in the Netherlands, Spain and Italy.
In Asia, the share markets ended mostly higher, staging a mild rebound after Monday's sharp decline amid lingering worries about European economic conditions, while Australian shares advanced after a tame inflation reading spurred hopes for a rate cut.
Japan's Nikkei Stock Average fell 0.8%, while China's Shanghai Composite ended flat and Hong Kong's Hang Seng Index gained 0.3%.
Industrials led the upside as platinums recovered from the session lows while resources and banking shares struggled for direction after the previous day's steep losses.
At 12:01 local time, the JSE All Share [JSE:J203] index was up 0.52% to 33 878.85 points, with resources inching up 0.20% and platinum shares advancing 0.43%, while gold counters were flat 0.07%.
Financials were also flat (0.09%), as were banking stocks (0.08%), while industrials lifted 0.93%.
The rand was trading at R7.83 to the US dollar, from R7.85 at the JSE's close on Monday. Gold was quoted at $1 638.83 a troy ounce from $1 631.99/oz at the JSE's previous close, while platinum was at $1 553/oz, from $1 557.50/oz at the previous session.
"There isn't enough liquidity in the market at the moment. It's still a nervous market," said Nick Kunze, head of dealing at BJM Private Clients Services."
Jean Hamann, assistant portfolio manager at Korner Perspective, said selloff in the resources over the last while offered opportunities for potential buyers.
European stocks rose on Tuesday, with the worst-hit sectors from the previous session pacing the advance, while relatively well-received government debt auctions helped to underpin the mood, Dow Jones Newswires reported.
London's FTSE 100 index was up 0.55% to 5 696.83 points at noon local time.
The overall tone was supported by a series of decent government debt auctions in the Netherlands, Spain and Italy.
In Asia, the share markets ended mostly higher, staging a mild rebound after Monday's sharp decline amid lingering worries about European economic conditions, while Australian shares advanced after a tame inflation reading spurred hopes for a rate cut.
Japan's Nikkei Stock Average fell 0.8%, while China's Shanghai Composite ended flat and Hong Kong's Hang Seng Index gained 0.3%.
