01 Aug 2012

JSE stays firmer‚ led by platinums

I-Net Bridge

Johannesburg - The JSE share market was in record territory at noon on Wednesday‚ bouncing back from the previous day’s losses‚ as equity markets looked to the US Fed policy statement later today.

Platinum shares and industrials led the upside‚ with SABMiller [JSE:SAB] reaching a fresh record high.

"Today’s gains are speculative; we bounced back from the lows of Tuesday with no real new information‚” said Shaun Murison‚ market analyst at IG Markets SA.

At 12:19 local time‚ the JSE All Share [JSE:J203] index was up 0.82% to 34‚882‚27 points‚ with the Top 40 - (Tradeable) [JSE:J200] index gaining 0.92% to 30‚665.31 points.

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