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Johannesburg - The JSE opened on a stronger note on Thursday, with resource counters bouncing back after falling sharply yesterday as bargain hunting took hold.
By 09:15 local time, the JSE all share index was 0.33% firmer, with platinum miners rising 1.32%, resources gaining 0.60% and gold counters adding 0.86%. Banks were up 0.14%, financials eked out an 0.11% gain and industrials were 0.16% higher.
The rand was trading at R7.21 to the dollar from R7.24 at the JSE's close on Wednesday. Gold was quoted at $1 378.93 a troy ounce from $1 370.70/oz at the JSE's previous close, while platinum was at $1 830.50/oz from $1 826.50 before.
"This morning we have started on the firmer side. Mining stocks are looking strong following weakness yesterday," a trader said, adding that there was some bargain hunting, especially in the resource sector.
Dow Jones Newswires reported that Asian share markets were mixed on Thursday as property developers dragged China and Hong Kong lower, while Qantas Airways advanced in Sydney on an upbeat earnings report.
Japan's Nikkei Stock Average was up 0.4%, Australia's S&P/ASX 200 was up 0.2%, South Korea's Kospi Composite lost 1.2%, Hong Kong's Hang Seng Index was flat and China's Shanghai Composite fell 0.4%.
Dow Jones Industrial Average futures were down one point in screen trade.
Wall Street's solid performance on Wednesday provided an early boost to regional sentiment, but many investors were treading cautiously amid the current earnings season.
By 09:15 local time, the JSE all share index was 0.33% firmer, with platinum miners rising 1.32%, resources gaining 0.60% and gold counters adding 0.86%. Banks were up 0.14%, financials eked out an 0.11% gain and industrials were 0.16% higher.
The rand was trading at R7.21 to the dollar from R7.24 at the JSE's close on Wednesday. Gold was quoted at $1 378.93 a troy ounce from $1 370.70/oz at the JSE's previous close, while platinum was at $1 830.50/oz from $1 826.50 before.
"This morning we have started on the firmer side. Mining stocks are looking strong following weakness yesterday," a trader said, adding that there was some bargain hunting, especially in the resource sector.
Dow Jones Newswires reported that Asian share markets were mixed on Thursday as property developers dragged China and Hong Kong lower, while Qantas Airways advanced in Sydney on an upbeat earnings report.
Japan's Nikkei Stock Average was up 0.4%, Australia's S&P/ASX 200 was up 0.2%, South Korea's Kospi Composite lost 1.2%, Hong Kong's Hang Seng Index was flat and China's Shanghai Composite fell 0.4%.
Dow Jones Industrial Average futures were down one point in screen trade.
Wall Street's solid performance on Wednesday provided an early boost to regional sentiment, but many investors were treading cautiously amid the current earnings season.
