Data provided by iNet BFA
Loading...
See More

Resources lead JSE to another high

Dec 11 2012 19:21 I-Net Bridge

Related Articles

JSE remains at record levels

JSE reaches fresh peak in quiet trade

JSE cuts losses to close in the black

JSE in the red over global pressure

Banking stocks lead JSE softer

JSE: African bourses must link-up

 
Johannesburg — The JSE closed the Tuesday session at an all-time high‚ in line with positive global sentiment and a 1.15% rise in the resources index.

At 17:00‚ the All Share [JSE:J203] index was up 0.47% at 38 535.97 points‚ with the Top 40 - (Tradeable) [JSE:J200] index gaining 0.49% to 34 240.74 points.

Gold shares led the downside giving up 1.01%‚ while financials added 0.76%.

“A lot of players are seeing resources as attractive again‚ and want to get in at these levels. It was a fairly quiet day on the JSE today leading up to the Christmas season‚” said Martin Strauss‚ equity dealer at PSG Konsult.

Leading European markets were in positive territory late on Tuesday with US budget talks remaining the key focus of investor attention.

At 16:21 local time the UK’s FTSE 100 was up 0.15% and The Dow Jones Industrial index had gained 0.47%.

US stocks were broadly higher in early trading on reports of progress in budget talks and a strong reading on German investor sentiment‚ putting the Dow on pace for its fifth-straight daily gain.

“Talks of timid progress in the US fiscal cliff negotiations helped investor sentiment in the US session overnight and in Asia today‚ despite weaker-than-expected China new loans in November‚” Barclays Bank said in its global note. “Global economic data remain mixed. German ZEW investor confidence jumped to a seven month high‚ from -15.7 in November‚ to +6.9‚ well above consensus‚” it said.
equities  |  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

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Passive investment for retirement

The use of passive investment products, like Exchange Traded Funds, to deliver low-cost investment performance is taking off.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

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