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Resources underpin JSE strength

Dec 18 2012 14:39 I-Net Bridge


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Johannesburg – The JSE remained on the front foot at noon‚ supported by resources.

At 12.31‚ the All Share [JSE:J203] index was up 0.41% to 38 834.04 points‚ again in record territory‚ with the Top 40 - (Tradeable) [JSE:J200] index gaining 0.48% to 34 440.69 points - resources lifted 1.61%.

“The US fiscal cliff talks remain a dominant backdrop to investor sentiment. Hopes of US Congress reaching a settlement lifted US stocks‚ which in turn‚ boosted world markets‚” said Ryan Wibberley‚ equity dealer at Investec Asset Management.

Leading European shares were mostly higher at noon‚ with UK’s FTSE 100 up 0.41%.

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equities  |  jse  |  markets
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