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Johannesburg - The JSE turned positive at noon‚ rebounding from the negative start to the session‚ amid some buying interests in some constituent sectors.
The value and volumes traded however remained below average due to the closure of US markets for a second day.
At 12:26‚ the JSE All Share [JSE:J203] index was up 0.18% to 37 060.47‚ with the Top 40 - (Tradeable) [JSE:J200] index nudging up 0.11% to 32 912.59. Banking and financial shares gained 0.61% and 0.34%‚ respectively.
“The markets are drifting back and forth in the absence of any real catalysts‚” said Devin Shutte‚ a trader at stockbrokerage‚ Newstrading.
European markets were relatively higher at noon‚ with London’s FTSE 100 gaining 0.71% at 12:11 local time.
Among individual counters‚ Lonmin lifted 2.46% to R68.85‚ reversing earlier losses‚ after the world’s third-largest platinum producer said it intended to raise $800m by way of a rights issue.
African Rainbow Minerals was up 2.57% to R179.49.
Among industrials‚ Richemont rose 1.17% to 56.40.
Banking group Standard Bank climbed 1.49% to R107.06 and Abil gained 1.59% to R28.80
