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Johannesburg - The JSE was 154 points higher in early trade on Tuesday pushed up by resource and precious metal counters
with firm eastern markets and a positive Dow also providing support.
At 09:20 the JSE all share index had collected 0.57%, with resources up 0.73%, gold miners adding 1.17% and platinum producers gaining 0.71%.
Banks and financials edged up 0.48% and 0.32% respectively and
industrials moved up 0.55%.
The rand was bid at R7.37 to the dollar, from R7.38 when the JSE closed on Monday. Gold was quoted at $1 180.62 a troy ounce from $1 176.25/oz at the JSE's last close, and platinum was at $1 456/oz, from $1 450/oz the
bourse's previous close.
"Resources and precious metals are leading us higher. We are seeing buying coming into the market, particularly into the commodities," a trader said.
"The Dow and the eastern markets were positive and that is also
supporting our market.
"Dow futures are up at the moment, so it looks like we will see a positive open there this afternoon," he said.
- I-Net Bridge