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Johannesburg - The JSE ended Tuesday's session firmly in positive territory as better than expected data was released in the US.
At 17:00, the JSE All Share [JSE:J203] index had risen 1.01% to 34 214.53 points, with resources adding 1.22%, financials lifting 1.13%, and banking stocks rising 1.06%.
Platinums were 0.99% higher, while industrials rose 0.83%, and gold shares added 0.27%.
"We are recovering from yesterday's pull back which we saw from profit taking," a local trader said. He added that the "general data" and company results were "still pretty good", giving markets a boost.
"Despite the on-going situation with the Greece bailout, markets are focused on moving forward," he said.
The rand was at 7.52 to the US dollar, from 7.62 at the JSE's close on Monday.
Gold was quoted at $1 779.94 a troy ounce from $1 772.57 at the JSE's previous close, while platinum was at $1 714/oz, from $1 707.50/oz before.
US stocks opened mixed on Tuesday, with the Dow lower but other major indices higher after key readings on the US economy came in lower than expected, Dow Jones Newswires reports.
New data from Standard & Poor's Case-Schiller home-price index showed US home prices fell 3.8% in December from a month earlier, ending 2011 at the lowest level since mid-2006. Prices are now off 34% from their recent peak.
The Dow Jones Industrial Average was earlier down 5 points at 12 976. Standard & Poor's 500-stock index was up 0.4 points at 1 368, and the Nasdaq Composite was up 2.6 points, or 0.1%, to 2 969.
At 17:00, the JSE All Share [JSE:J203] index had risen 1.01% to 34 214.53 points, with resources adding 1.22%, financials lifting 1.13%, and banking stocks rising 1.06%.
Platinums were 0.99% higher, while industrials rose 0.83%, and gold shares added 0.27%.
"We are recovering from yesterday's pull back which we saw from profit taking," a local trader said. He added that the "general data" and company results were "still pretty good", giving markets a boost.
"Despite the on-going situation with the Greece bailout, markets are focused on moving forward," he said.
The rand was at 7.52 to the US dollar, from 7.62 at the JSE's close on Monday.
Gold was quoted at $1 779.94 a troy ounce from $1 772.57 at the JSE's previous close, while platinum was at $1 714/oz, from $1 707.50/oz before.
US stocks opened mixed on Tuesday, with the Dow lower but other major indices higher after key readings on the US economy came in lower than expected, Dow Jones Newswires reports.
New data from Standard & Poor's Case-Schiller home-price index showed US home prices fell 3.8% in December from a month earlier, ending 2011 at the lowest level since mid-2006. Prices are now off 34% from their recent peak.
The Dow Jones Industrial Average was earlier down 5 points at 12 976. Standard & Poor's 500-stock index was up 0.4 points at 1 368, and the Nasdaq Composite was up 2.6 points, or 0.1%, to 2 969.
