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Nedbank lifts JSE

Johannesburg - After a tentative start‚ the JSE share market picked up pace at noon on Friday‚ boosted by strong performances in the financial and banking sectors‚ with Nedbank Group [JSE:NED] reaching a fresh record high‚ as global risk appetite improved. Gold shares put up a strong showing as well.

Leading European markets extended their gains at noon‚ ahead of US monthly jobs report this afternoon.

At 12:49 local time‚ the JSE All Share [JSE:J203] index was up 0.37% to 35‚163‚14 points‚ with the Top 40 - (Tradeable) [JSE:J200] index also up 0.39% to 30‚938.37 points.

Among the top movers‚ Anglo Platinum [JSE:AMS] was up R6.61 or 1.57%‚ to R428.97 but Aquarius Platinum [JSE:AQP] lost 16 cents‚ or 3.48%‚ to R4.44.

In industrials‚ Barloworld [JSE:BAW] shed R2.66‚ or 3.24%‚ to R79.34‚ while Richemont [JSE:CFR] was up 99 cents‚ or 2.13%‚ to R47.50.

Nedbank was up R3.90‚ to R187.19‚ FirstRand [JSE:FSR] gained 43 cents‚ to R28.33 and MMI Holdings [JSE:MMI] climbed 26 cents‚ to R19.01.

Sappi [JSE:SAP] was down 25 cents‚ to R24.15 after the pulp and paper producer reported a loss of 20 US cents per share for the quarter ended June 2012 after a loss per share of 13 cents for the corresponding period a year ago and a profit of 11 cents per share in the March 2012 quarter.

 
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Rand - Dollar
18.94
-0.9%
Rand - Pound
24.10
-0.9%
Rand - Euro
20.59
-0.7%
Rand - Aus dollar
12.42
-0.9%
Rand - Yen
0.13
-0.8%
Platinum
915.75
-0.8%
Palladium
1,028.36
-3.5%
Gold
2,159.96
+0.2%
Silver
25.03
-0.6%
Brent Crude
85.34
-0.1%
Top 40
66,252
0.0%
All Share
72,431
0.0%
Resource 10
53,317
0.0%
Industrial 25
100,473
0.0%
Financial 15
16,622
0.0%
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