• Is Cell C sustainable?

    Is the mobile operator another African Bank in the making, asks Gugu Lourie.

  • Alliances that work

    Mutually adding value secures the employer-employee relationship, says Ian Mann.

  • Without prejudice

    We all need to fight the ugly bigotry that’s made news recently, says Mandi Smallhorne.

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

NEXT ON FIN24X

 

Latest Articles

Invest for Income Read More...
15 Investment Tips for 2015 Read More...
Tax-free saving accounts are coming Read More...
Which generator is right for you? Read More...
 
 

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

Money Clinic

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