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Johannesburg - The JSE opened higher on Friday tracking global stocks, which lifted following welcome debt news out of Greece and slowing inflation in China.
At 09:12 local time, the JSE all-share index was up 0.37% at 33,883.61 points, with platinum miners rising 0.56%, and resources adding 0.52%.
Gold miners picked up 0.49%, financials lifted 0.35%, and industrials were 0.29% up. Banks were 0.20% firmer.
The rand was at 7.49 to the US dollar, from 7.53 at the JSE's close on Thursday. Gold was quoted at US$1,705.29 a troy ounce from US$1,692.71 at the JSE's previous close, while platinum was at $1,669.50/oz, from $1,628/oz.
A local trader said that China's easing inflation figures meant that they had more room for monetary policy easing, while confirmation that the Greek bonds swap would be accepted lifted investor confidence.
Asian stock markets were higher on Friday as slowing inflation in China raised hopes of further monetary easing in Asia's biggest economy, while indications that Greece had moved one step closer to obtaining a much-needed European aid package buoyed investor confidence, Dow Jones Newswires reported.
Data earlier on Friday showed China's consumer price index rose 3.2% year on year in February, slower than the 4.5% year-on-year rise in January, and below a 3.4% rise tipped by a Dow Jones Newswires poll.
The Nikkei gained 1.6%, the S&P/ASX advanced 1.0%, the HSI jumped 1.0%, the Kospi rrose 0.9%, the Shanghai Composite added 0.4% and the Sensex was up 1.8%.
At 09:12 local time, the JSE all-share index was up 0.37% at 33,883.61 points, with platinum miners rising 0.56%, and resources adding 0.52%.
Gold miners picked up 0.49%, financials lifted 0.35%, and industrials were 0.29% up. Banks were 0.20% firmer.
The rand was at 7.49 to the US dollar, from 7.53 at the JSE's close on Thursday. Gold was quoted at US$1,705.29 a troy ounce from US$1,692.71 at the JSE's previous close, while platinum was at $1,669.50/oz, from $1,628/oz.
A local trader said that China's easing inflation figures meant that they had more room for monetary policy easing, while confirmation that the Greek bonds swap would be accepted lifted investor confidence.
Asian stock markets were higher on Friday as slowing inflation in China raised hopes of further monetary easing in Asia's biggest economy, while indications that Greece had moved one step closer to obtaining a much-needed European aid package buoyed investor confidence, Dow Jones Newswires reported.
Data earlier on Friday showed China's consumer price index rose 3.2% year on year in February, slower than the 4.5% year-on-year rise in January, and below a 3.4% rise tipped by a Dow Jones Newswires poll.
The Nikkei gained 1.6%, the S&P/ASX advanced 1.0%, the HSI jumped 1.0%, the Kospi rrose 0.9%, the Shanghai Composite added 0.4% and the Sensex was up 1.8%.
