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Johannesburg - The JSE extended gains by noon on Wednesday supported by strong resource counters amid continued positive global market sentiment.
At 12:03 the JSE all share index had firmed 1.35%, with resources adding 2.01% and platinum counters collected 0.34%, but gold miners eased 0.14%.
Banks were 1.78% higher, financials rose 1.32% and industrials collected 0.66%.
The rand was bid at R7.25 to the dollar from R7.35 just before the JSE closed on Tuesday. Gold was quoted at $1 062.92 a troy ounce from $1 058.30/oz just before the JSE's last close, and platinum was at $1 352.50/oz, from $1 358.50/oz at its previous close.
"Resources and general miners are leading us up. US futures are up at the moment, so it's looking very good so far. We are up across the board," a trader said.
"I think we will hold up for the day, commodity prices are still very strong. There is data out in the US later today and the market will mostly focus on that. Sentiment is still positive.
"This is a new 12-month high above 26 000 and I think investors might get a little uneasy about whether we can maintain this," she said.
- I-Net Bridge