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Johannesburg - Gains in platinum and resource counters pushed the JSE higher on Wednesday morning adding to Monday’s gains due to risk-on trade being back on the table.
At 10:08am the All Share [JSE:J203] index was 0.49% firmer at 40‚449.68 points‚ with the Top 40 - (Tradeable) [JSE:J200] index up 0.54%. The platinum and resource indices picked up 1.27% and 0.94% respectively and gold counters added 0.71%.
Asian markets were higher on Wednesday‚ following a strong overnight lead from Wall Street‚ while stocks in Shanghai and Hong Kong rose as the Chinese earnings season progressed‚ Dow Jones Newswires reported.
Hong Kong’s Hang Seng Index was up 0.6% and the Shanghai Composite Index was up 0.3% on the mainland‚ as investors digested the latest earnings from some of China's largest companies.
Bank of China‚ the country's largest foreign-exchange bank‚ said that its net profit climbed 12% year on year last year‚ higher than analyst expectations.
The Nikkei Stock Average was up 0.18%‚ as the market was weighed by a swath of companies in Tokyo going ex-dividend.
Mining stocks helped the Australian market move higher‚ with the S&P/ASX 200 up 0.7%.
