03 Aug 2012

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SA futures track global stocks firmer

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Johannesburg – South African near-dated futures ended firmer on Friday‚ tracking positive global investor sentiment‚ following the better-than-expected US jobs report.

The near-dated alsi ended 0.82% higher to 30‚913 points.

The total number of contracts that exchanged hands was 45‚187 from 44‚178 on Thursday.

“Money continued to flow into banks and financials in particular‚ while resources lagged‚” said Greg Kangleas‚ portfolio manager at Vunani Private Clients. “The positive US jobs report encouraged more risk taking.”

The rand strengthened to R8.13 to the US dollar from R8.35 previously‚ and the spot price of gold was $1606.06 per fine ounce from $1‚589.50/oz.

The July US jobs reading showed non-farm payrolls grew by 163‚000‚ stronger than the median 95‚000 forecast by economists polled by Dow Jones Newswires. The unemployment rate ticked higher to 8.3%.

US stocks were sharply firmer‚ with the Dow Jones Industrial Average gaining 1.90% by 17:45 SA time.

 
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Rand - Dollar
19.01
+1.1%
Rand - Pound
23.79
+0.7%
Rand - Euro
20.39
+0.8%
Rand - Aus dollar
12.38
+0.8%
Rand - Yen
0.12
+1.2%
Platinum
924.90
+1.4%
Palladium
991.50
-1.3%
Gold
2,332.60
+0.7%
Silver
27.35
+0.7%
Brent Crude
88.02
-0.5%
Top 40
68,437
-0.2%
All Share
74,329
-0.3%
Resource 10
62,119
+2.7%
Industrial 25
102,531
-1.5%
Financial 15
15,802
-0.2%
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