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Johannesburg - The JSE opened in the black on Thursday, tracking global stocks amid "a bit of bargain hunting", a local trader said.
By 09:10 local time, the JSE all share index was up 0.51%, with platinum miners adding 1.44% and resources gaining 0.77%. Industrials were 0.48% higher, and gold miners added 0.38%. Banks were up 0.13%, while financials were a tad higher, adding 0.06%.
The rand was trading at R6.70 to the dollar from R6.72 at the JSE's close on Wednesday. Gold was quoted at $1 378.05 a troy ounce from $1 368.94/oz at the JSE's previous close, while platinum was at $1 726/oz from $1 713.50/oz before.
"We are following yesterday's recovery. Every sector is in the green and the rand is slightly stronger. We are tracking global markets and I think just a little bargain hunting in the market," the trader noted.
Dow Jones Newswires reports that Asian stock markets were mixed on Thursday, though sentiment was supported by very strong US private sector jobs data on Wednesday.
Japan's Nikkei Stock Average was up 1.2%, Australia's S&P/ASX 200 was off 0.1%, and South Korea's Kospi Composite was down 0.2% at 2 079.87. Hong Kong's Hang Seng Index was up 0.2%, Taiwan's main index was up 0.1%, and the Shanghai Composite index was lower by 0.2% at 2 831.87.
Dow Jones Industrial Average futures were up one point in screen trade.
The mood in the region was cheered by US jobs data on Wednesday. Data from payroll giant Automatic Data Processing (ADP) showed an addition of 297 000 private sector jobs in December, almost triple the 100 000 job additions that analysts had expected.
Japanese stocks were also helped by the US dollar's surge against the yen on Wednesday. "The strong jobs data fuelled expectations that the (US) non-farm payrolls data to be released (Friday) may be strong as well," said Hideyuki Ishiguro, an investment strategy supervisor at Okasan Securities.
Shares in China were led lower by coal miners hit by profit-taking.
By 09:10 local time, the JSE all share index was up 0.51%, with platinum miners adding 1.44% and resources gaining 0.77%. Industrials were 0.48% higher, and gold miners added 0.38%. Banks were up 0.13%, while financials were a tad higher, adding 0.06%.
The rand was trading at R6.70 to the dollar from R6.72 at the JSE's close on Wednesday. Gold was quoted at $1 378.05 a troy ounce from $1 368.94/oz at the JSE's previous close, while platinum was at $1 726/oz from $1 713.50/oz before.
"We are following yesterday's recovery. Every sector is in the green and the rand is slightly stronger. We are tracking global markets and I think just a little bargain hunting in the market," the trader noted.
Dow Jones Newswires reports that Asian stock markets were mixed on Thursday, though sentiment was supported by very strong US private sector jobs data on Wednesday.
Japan's Nikkei Stock Average was up 1.2%, Australia's S&P/ASX 200 was off 0.1%, and South Korea's Kospi Composite was down 0.2% at 2 079.87. Hong Kong's Hang Seng Index was up 0.2%, Taiwan's main index was up 0.1%, and the Shanghai Composite index was lower by 0.2% at 2 831.87.
Dow Jones Industrial Average futures were up one point in screen trade.
The mood in the region was cheered by US jobs data on Wednesday. Data from payroll giant Automatic Data Processing (ADP) showed an addition of 297 000 private sector jobs in December, almost triple the 100 000 job additions that analysts had expected.
Japanese stocks were also helped by the US dollar's surge against the yen on Wednesday. "The strong jobs data fuelled expectations that the (US) non-farm payrolls data to be released (Friday) may be strong as well," said Hideyuki Ishiguro, an investment strategy supervisor at Okasan Securities.
Shares in China were led lower by coal miners hit by profit-taking.
