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Johannesburg – The JSE was slightly firmer at noon on Thursday, with Dimension Data Holdings [JSE:DDT] taking the spotlight, while investors kept a cautious stance amid the flow of corporate earnings and economic data from the US.
By noon local time the JSE all share index had gained 0.26%. Resources were flat at –0.05%, and gold producers strengthened 1.12%. Platinum miners lost 0.33%. Banks were up 0.20, financials also rose 0.17%, and industrials climbed 0.52%.
The rand was bid at 7.54 to the dollar, from 7.51 at the JSE's last close. Gold was quoted at $1 211.93 a troy ounce from $1 209.83/oz at the JSE's previous close, while platinum was at $1 527.50/oz from $1 527.50/oz before.
A trader said Didata is "the talk of the day" following news that Japan's Nippon Telegraph and Telephone Corporation (NTT), one of the largest global telecommunications service providers, has made a £2.1bn bid to acquire the group.
The trader said the rest of the local equities showed a mixed performance, with investors waiting for more US earnings results and
economic data.
Dow Jones Newswires reported that Asian markets ended mostly lower on Thursday, with Chinese bank stocks falling on a poor debut for Agricultural Bank of China's Shanghai-listed shares. Resource stocks broadly declined on concerns slower-than-expected Chinese economic growth might dampen commodities demand.
"Investors focused on two things today: the slowing growth trend in China even though inflation was not that alarming; and AgBank's debut, which was also slightly disappointing," said Ben Kwong, associate director at KGI Asia.
Japan's Nikkei Stock Average fell 1.1%, Australia's S&P/ASX 200 gave up 0.4%, South Korea's Kospi lost 0.4% and India's Sensex was 0.2% lower in afternoon trade.
Taiwan's Taiex slipped 0.1%, while a sharp fall in Chinese banking shares dragged down Hong Kong's Hang Seng Index 1.5% and China's Shanghai Composite Index by 1.9%. Dow Jones Industrial Average futures were seven points higher in screen trade.
- I-Net Bridge
By noon local time the JSE all share index had gained 0.26%. Resources were flat at –0.05%, and gold producers strengthened 1.12%. Platinum miners lost 0.33%. Banks were up 0.20, financials also rose 0.17%, and industrials climbed 0.52%.
The rand was bid at 7.54 to the dollar, from 7.51 at the JSE's last close. Gold was quoted at $1 211.93 a troy ounce from $1 209.83/oz at the JSE's previous close, while platinum was at $1 527.50/oz from $1 527.50/oz before.
A trader said Didata is "the talk of the day" following news that Japan's Nippon Telegraph and Telephone Corporation (NTT), one of the largest global telecommunications service providers, has made a £2.1bn bid to acquire the group.
The trader said the rest of the local equities showed a mixed performance, with investors waiting for more US earnings results and
economic data.
Dow Jones Newswires reported that Asian markets ended mostly lower on Thursday, with Chinese bank stocks falling on a poor debut for Agricultural Bank of China's Shanghai-listed shares. Resource stocks broadly declined on concerns slower-than-expected Chinese economic growth might dampen commodities demand.
"Investors focused on two things today: the slowing growth trend in China even though inflation was not that alarming; and AgBank's debut, which was also slightly disappointing," said Ben Kwong, associate director at KGI Asia.
Japan's Nikkei Stock Average fell 1.1%, Australia's S&P/ASX 200 gave up 0.4%, South Korea's Kospi lost 0.4% and India's Sensex was 0.2% lower in afternoon trade.
Taiwan's Taiex slipped 0.1%, while a sharp fall in Chinese banking shares dragged down Hong Kong's Hang Seng Index 1.5% and China's Shanghai Composite Index by 1.9%. Dow Jones Industrial Average futures were seven points higher in screen trade.
- I-Net Bridge
