Johannesburg - The JSE share market
remained on the front foot at noon on Wednesday‚ as were leading
global equities‚ after the latest signals of additional monetary
easing from the US Federal Reserve added to market buoyancy.
Mining shares led the upside‚
benefiting from the rise in commodity prices as the US dollar
weakened against major currencies.
“The dollar is under pressure and
risk assets are gaining following the Fed minutes that suggest we’ll
see QE3 in September. But this morning’s weak Chinese PMI data and
the negative headlines over the (Lonmin) mine issue may hold the rand
back so it’s far from assured that $/ZAR will be able to break‚
never mind sustain below‚ 8.20‚” said RMB analysts in a note.
At 12:52 local time the all-share index
was up 0.67% to 35 854.90 points‚ with top-40 index up 0.72% and
resources lifting 1.34%.
Among individual shares‚ Anglo
American [JSE:AGL] rallied R5.89 or 2.35%‚ to R256.75‚ Amplats
[JSE:AMS] added R9.50‚ or 2.21%‚ to R438.50 and Aquarius Platinum
[JSE:AQP] rose 25 cents‚ or 4.90%‚ to R5.35.
Kumba Iron Ore [JSE:KIO] was up R12.52‚
or 2.27%‚ to R565.02 and Assore surged R16.86‚ or 5.41%‚ to
R328.36 after the base minerals and metals group said late on
Wednesday it expected its headline earnings per share in the year
ended June 2012 to rise between R33 and R37‚ compared with R26.90
in the prior comparable period.
In banking stocks‚ ABSA [JSE:ASA]
improved R3.50‚ or 2.52%‚ to R142.50.