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Johannesburg - Trading was fairly choppy on the JSE on Friday after a broadly positive week‚ as global risk sentiment shifts to the release of the US gross domestic product (GDP) data for the first quarter at 2.30pm local time today.
At 12:42‚ the JSE All Share [JSE:J203] index was up 0.20% to 39‚206.98 points‚ with the Top 40 - (Tradeable) [JSE:J200] blue-chip index gaining a similar margin.
On the week‚ the all share index is up just above 2%‚ bolstered mainly by a strong performance in the resources sector‚ off a low base‚ while industrials and financials added to the market buoyancy.
“The market has staged a healthy recovery as the bounce in metal prices supported mining stocks‚ while providing a good platform for other sectors‚” said Ryan Wibberley‚ equity dealer‚ Investec Asset Management.
Leading European share markets were weaker at noon ahead of US GDP‚ with London’s FTSE 100 losing 0.51%. Economists expect real US GDP to have grown at an annual rate of 3.2% last quarter‚ which would be the best performance since late 2011‚ Dow Jones Newswires reported.
Among individual shares on the JSE‚ Aquarius Platinum (AQP) was up 2.06% to R5.95‚ but Gold Fields (GFI) slipped 1.82% to R68.86‚ while Kumba Iron Ore (KIO) garnered 1.60% to R475.51.
SABMiller (SAB) was up 1.09% to R487.88 but Bidvest (BVT) lost 1.26% to R231.54.
At 12:42‚ the JSE All Share [JSE:J203] index was up 0.20% to 39‚206.98 points‚ with the Top 40 - (Tradeable) [JSE:J200] blue-chip index gaining a similar margin.
On the week‚ the all share index is up just above 2%‚ bolstered mainly by a strong performance in the resources sector‚ off a low base‚ while industrials and financials added to the market buoyancy.
“The market has staged a healthy recovery as the bounce in metal prices supported mining stocks‚ while providing a good platform for other sectors‚” said Ryan Wibberley‚ equity dealer‚ Investec Asset Management.
Leading European share markets were weaker at noon ahead of US GDP‚ with London’s FTSE 100 losing 0.51%. Economists expect real US GDP to have grown at an annual rate of 3.2% last quarter‚ which would be the best performance since late 2011‚ Dow Jones Newswires reported.
Among individual shares on the JSE‚ Aquarius Platinum (AQP) was up 2.06% to R5.95‚ but Gold Fields (GFI) slipped 1.82% to R68.86‚ while Kumba Iron Ore (KIO) garnered 1.60% to R475.51.
SABMiller (SAB) was up 1.09% to R487.88 but Bidvest (BVT) lost 1.26% to R231.54.
