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Johannesburg - The JSE turned positive at midday on Monday after opening slightly lower. Markets are still digesting the Greek debt swap and growth concerns in China.
Soon after midday, the JSE All Share [JSE:J203] index was up 0.34% at 34,041.56 points, with gold miners 1.11% higher, resources lifting 0.42%, and industrials climbing 0.38%. Banks rose 0.19%, and financials were up 0.11%.
Platinum miners were flat (0.02%).
The market was generally looking more positive, a local trader said.
"We have corrected a bit off our worst levels. Industrials are leading the market and telecoms have been doing quite nicely as well," she said.
European stocks were moving between small losses and gains on Monday as investors tried to get to grips with the latest news on Greece after the international swaps and derivatives association on Friday declared a credit event had occurred with Greece's debt, while basic resources stocks nudged lower following disappointing Chinese data, Dow Jones Newswires reported.
The benchmark Stoxx Europe 600 index was flat at 265.33, London's FTSE 100 was 0.1% lower at 5 882.47, Frankfurt's DAX was up 0.1% at 6,884.83 and Paris's CAC-40 was up 0.1% to 6 884.83.
Earlier, Asian stock markets finished mostly lower on Monday as investors continued to fret over China's growth outlook and Greece's debt situation, keeping financials and most resources stocks on the back foot, though a weaker yen lifted exporters in Japan.
Soon after midday, the JSE All Share [JSE:J203] index was up 0.34% at 34,041.56 points, with gold miners 1.11% higher, resources lifting 0.42%, and industrials climbing 0.38%. Banks rose 0.19%, and financials were up 0.11%.
Platinum miners were flat (0.02%).
The market was generally looking more positive, a local trader said.
"We have corrected a bit off our worst levels. Industrials are leading the market and telecoms have been doing quite nicely as well," she said.
European stocks were moving between small losses and gains on Monday as investors tried to get to grips with the latest news on Greece after the international swaps and derivatives association on Friday declared a credit event had occurred with Greece's debt, while basic resources stocks nudged lower following disappointing Chinese data, Dow Jones Newswires reported.
The benchmark Stoxx Europe 600 index was flat at 265.33, London's FTSE 100 was 0.1% lower at 5 882.47, Frankfurt's DAX was up 0.1% at 6,884.83 and Paris's CAC-40 was up 0.1% to 6 884.83.
Earlier, Asian stock markets finished mostly lower on Monday as investors continued to fret over China's growth outlook and Greece's debt situation, keeping financials and most resources stocks on the back foot, though a weaker yen lifted exporters in Japan.
