• Change of culture needed

    The right leadership will help SA shed its culture of violence, says Mandi Smallhorne.

  • 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

Loading...
See More

Mining stocks fuel JSE rally

Nov 29 2012 13:54 I-Net Bridge

Related Articles

Gold stocks lead JSE firmer

JSE softer‚ following world markets

JSE up a fraction‚ gold miners weigh

JSE pares gains‚ gold miners weigh

JSE tracks global markets weaker

JSE down on lower commodity prices

 
Johannesburg - Mining stocks powered the JSE to within a whisker of a record high on Thursday amid renewed global risk appetite.

At 12:36‚ the All Share [JSE:J203] index was up 1.01% to 37 817.38 points‚ with the Top 40 - (Tradeable) [JSE:J200] index gaining 1.09% to 33 587.97. Gold and resource stocks rallied 5.07% and 2.20%‚ respectively.

“The rally is heavily weighed towards mining houses due to strong commodity prices but also boosted by Gold Fields’s announcement‚” said Mark Wilkes‚ trader at GT247.com.

Leading European markets were similarly higher at noon‚ with UK’s FTSE 100 climbing 0.89% amid revived hopes that the US political authorities will find a deal to stave off the looming fiscal cliff of spending cuts and tax hikes‚ due to kick in in January.

“It is a reverse in global sentiment after equities sold off on Wednesday on fear about the US fiscal cliff‚” Sasfin Securities director David Shapiro said.
equities  |  jse  |  markets  |  stocks

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

10 of the most expensive things that will leave your jaw hanging!
Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...