All data is delayed
Loading...
See More

Platinum stocks lead JSE recovery

Nov 19 2012 13:37
I-Net Bridge
Johannesburg — The JSE snapped a four-day losing run on Monday amid optimism on world markets that US budget talks were headed in the right direction.

At 12:39‚ the All Share [JSEall share index was 0.73% higher at 37 088.93 points‚ with the Top 40 - (Tradeable) [JSE:J200] index recovering 0.84% to 32 855.34. The platinum sector surged 3.52% amid some bargain hunting following a heavy knock recently.

“The big macro theme at the moment is the perceived progress on the US fiscal cliff‚” Investec Asset Management equity dealer Ryan Wibberley said. “It is early days but there are hopes of a framework being agreed on by the US authorities.”

Leading European shares were on the front foot at noon‚ with the UK’s FTSE 100 rallying 1.03%‚ while US stocks looked to set to open higher later in the day.

Among individual stocks on the JSE‚ Impala rose 3.88% to R148.33‚ while Lonmin climbed 5.18% to R70 and Aquarius Platinum added 6.30% to R5.74.

Harmony gained 2.96% to R69.60.

Among companies in focus‚ Barloworld added 3.17% to R75.42 after reporting a 46% rise in headline earnings per share to 680 cents for the year ended September.

African Bank gained 3.13% to R30.68 after reporting an 18% rise in headline earnings per share to 342.5 cents.
jse  |  markets  |  stocks

NEXT ON FIN24X

 
 
 

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

We're talking about:

SMALL BUSINESS

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

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

Voting Booth

Sarb’s possible intervention in the markets to stem the rand’s fall is:

Previous results · Suggest a vote

Loading...