Publications
Partners
Johannesburg - The JSE remained on the front foot
at noon on Tuesday, tracking the positive sentiment on global stock
markets.
At 12:09 local time, the JSE All Share [JSE:J203] index was up 0.80% to 34 143.61 points, led by banks which rallied 1.60%; platinum shares lifted 1.44%, while financials added 1.13%.
Resources gained 0.87%, industrials were up 0.64%, while gold miners were flat.
The rand lifted to 7.51 to the US dollar, from 7.62 at the JSE's close on Monday. Gold was quoted at $1 774.41 a troy ounce from $1 772.57/oz at the JSE's previous close, while platinum was at $1 711/oz, from $1 707.50/oz.
"We are seeing bargain hunters coming through after the market sold down on Monday due to concerns over higher oil prices," said Martin Strauss, equity dealer at PSG Konsult.
European stock markets were marginally higher on Tuesday, with banking stocks leading the gains ahead of the European Central Bank's second long-term refinancing operation (LTRO), Dow Jones Newswires reports.
London's FTSE 100 index was up 0.19% to 5 926.81 at noon local time.
Analysts at Morgan Stanley said the size of Wednesday's LTRO is expected to be between €250bn and €600bn.
Meanwhile, retreating oil prices from recent advances have provided some relief to investors' worries about fresh headwinds for the global economy. Morgan Stanley's analysts appear to be rather optimistic on the recent rise in oil prices.
Asian stock ended mostly higher, with Hong Kong's Hang Seng Index adding 1.7%; Japan's Nikkei Stock Average gained 0.9%, and China's Shanghai Composite advanced 0.2%.
At 12:09 local time, the JSE All Share [JSE:J203] index was up 0.80% to 34 143.61 points, led by banks which rallied 1.60%; platinum shares lifted 1.44%, while financials added 1.13%.
Resources gained 0.87%, industrials were up 0.64%, while gold miners were flat.
The rand lifted to 7.51 to the US dollar, from 7.62 at the JSE's close on Monday. Gold was quoted at $1 774.41 a troy ounce from $1 772.57/oz at the JSE's previous close, while platinum was at $1 711/oz, from $1 707.50/oz.
"We are seeing bargain hunters coming through after the market sold down on Monday due to concerns over higher oil prices," said Martin Strauss, equity dealer at PSG Konsult.
European stock markets were marginally higher on Tuesday, with banking stocks leading the gains ahead of the European Central Bank's second long-term refinancing operation (LTRO), Dow Jones Newswires reports.
London's FTSE 100 index was up 0.19% to 5 926.81 at noon local time.
Analysts at Morgan Stanley said the size of Wednesday's LTRO is expected to be between €250bn and €600bn.
Meanwhile, retreating oil prices from recent advances have provided some relief to investors' worries about fresh headwinds for the global economy. Morgan Stanley's analysts appear to be rather optimistic on the recent rise in oil prices.
Asian stock ended mostly higher, with Hong Kong's Hang Seng Index adding 1.7%; Japan's Nikkei Stock Average gained 0.9%, and China's Shanghai Composite advanced 0.2%.
