Johannesburg - The JSE
lifted at the start of trading on Tuesday in line
with leading global stocks amid some signs of stability in the markets
following last week's volatility.
At 09:22 local time the JSE All Share
[JSE:J203] index was up 0.53% to 33?278.82 points with resources adding
0.91% platinum edging up 0.14% and gold counters
gaining 0.51%.
Financials garnered 0.47% banking
stocks lifted 0.49% and industrials were up 0.34%.
The rand was trading at R8.31 to the US dollar from R8.34 at the JSE's close on Monday while gold
was quoted at $1 578.27 a troy ounce from $1 575.13/oz at the JSE's previous
close and platinum was at $1 435.50/oz from $1 438.00/oz at the previous
session.
"We continue to see some recovery
from last week's selloff although I expect
trading to be fairly range-bound until the release of major data points this
week which include the US unemployment report" said
Hennie Fourie stockbroker at PSG Konsult.
Asian stock markets were higher on Tuesday as investors
bought recently beaten-down stocks while Shanghai and
Hong Kong got a lift on hopes that Beijing would roll out fresh stimulus
measures to raise domestic demand, Dow Jones Newswires reported.
Japan's Nikkei was up 0.74% and Hong Kong's Hang Seng Index
gained 1.16%.
But rising concerns over Spain's banking and fiscal
situation capped demand.
A report from the state-run Shanghai Securities News that
Beijing would introduce measures to jumpstart demand for automobiles appeared
to liven up trade in China and Hong Kong.
Traders have recently been speculating about fresh easing
steps and stimulus measures from Beijing to arrest faltering growth in the
world's second biggest economy.
European markets were similarly firmer at the open with the UK's FTSE adding 0.82% by 09:07 local time.