Publications
Partners
Johannesburg - The JSE opened in the black on Tuesday,
taking its cue from mainly Asian stocks which rose on the back of positive
bailout news out of Greece.
At 09:10 local time, the JSE All Share [JSE:J203] index was
up 0.62% to 34 110.68 points. Banks lifted 0.82%, resources added 0.75%, and
platinum miners rose 0.70%.
Financials were 0.65% firmer, industrials garnered 0.55%,
while gold miners were flat (0.08%).
The rand was trading at R7.52 to the US dollar, from R7.57
at the JSE's close on Monday. Gold was quoted at $1 702.21 a troy ounce from $1
697.70 at the JSE's previous close, while platinum was at $1 687/oz, from $1
685/oz.
A local trader said that other than the positive news of the
approval of a Greek bailout package, markets would later look to the outcome of
the US Federal Reserve's monetary policy committee for direction.
Asian stock markets rose on Tuesday as greater certainty
that Greece would receive its second bailout rekindled risk appetite, while the
Tokyo market advanced amid expectations that the Bank of Japan would signal
continued easy monetary policy, Dow Jones Newswires reported.
Comments from European officials on Monday reassured the
market that Greece would get approval for its second bailout soon.
The Nikkei gained 0.1%, the S&P/ASX advanced 1.2%, the HSI jumped 1.0%, the Kospi rose 1.1%, the Shanghai Composite added 0.6% and the Sensex rose 1.3%.
