Johannesburg - The JSE share market ended
firmer on Tuesday‚ generally outperforming leading world stock markets.
Mining shares‚ particularly gold‚ fared reasonably well in the
light of the weaker rand‚ recovering from the previous day’s sharp
losses‚ while industrials made healthy gains‚ led by chemicals and
explosives company AECI.
“It could be that players viewed Monday’s sharp decline on the JSE
as a buying opportunity‚” said Viv Govender‚ market watcher at Vunani
Private Clients. “The eurozone concerns however‚ still kept gains in
European shares remained weaker in late trade‚ as were US stocks.
Ratings agency Moody’s late on Monday revised its credit rating
outlook on triple-A rated Germany‚ Netherlands and Luxembourg to
negative from stable‚ citing increased uncertainty regarding the euro
area’s prospects and a higher probability that Greece would leave the
At 17:00‚ the All Share [JSE:J203] index ended up 0.54% to 33 998.45 points‚
while big movers in the session were BHP Billiton‚ which gained
R2.94‚ or 1.27%‚ to R233.62; AngloGold Ashanti lifted R6.25‚ or
2.35%‚ to R271.75‚ Gold Fields rallied R2.74‚ or 2.72%‚ to R103.66
and Assore gained 8.50‚ or 3.07%‚ to R285.