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Johannesburg - The JSE edged up at the start of trading on Wednesday, amid some bargain hunting following the previous day's selloff.
The local exchange slid nearly 2% on Tuesday, tracking the world stock markets.
At 09:21 local time, the JSE All Share [JSE:J203] index was up 0.33% at 33,497.21 points, with gold miners picking up 1.43%, resources lifting 0.43%, and platinums edging up 0.12%.
Financials were flat (0.04%), banks lost 0.15% and industrials gained 0.37%
The rand was at R7.62 to the US dollar, from R7.64 at the JSE's close on Tuesday. Gold was quoted at $1 673.83 a troy ounce from $1 670.92 at the JSE's previous close, while platinum was at $1 623.50/oz, from $1 615.50/oz.
Chris Gilmour, analyst at Absa Investments, said: "It's a natural reaction that you will have traders piling back into the market after the selloff we have seen in recent sessions."
European stocks were set to open slightly lower on Wednesday, continuing Tuesday's weak tone following heavy losses in the US and Asia, Dow Jones Newswires reported.
Worries about Greece continued to undermine sentiment ahead of the Thursday debt swap deadline.
After a slightly disappointing services ISM employment print, a weak ADP report could see economists taking down their assumptions for Friday's payrolls report.
The local exchange slid nearly 2% on Tuesday, tracking the world stock markets.
At 09:21 local time, the JSE All Share [JSE:J203] index was up 0.33% at 33,497.21 points, with gold miners picking up 1.43%, resources lifting 0.43%, and platinums edging up 0.12%.
Financials were flat (0.04%), banks lost 0.15% and industrials gained 0.37%
The rand was at R7.62 to the US dollar, from R7.64 at the JSE's close on Tuesday. Gold was quoted at $1 673.83 a troy ounce from $1 670.92 at the JSE's previous close, while platinum was at $1 623.50/oz, from $1 615.50/oz.
Chris Gilmour, analyst at Absa Investments, said: "It's a natural reaction that you will have traders piling back into the market after the selloff we have seen in recent sessions."
European stocks were set to open slightly lower on Wednesday, continuing Tuesday's weak tone following heavy losses in the US and Asia, Dow Jones Newswires reported.
Worries about Greece continued to undermine sentiment ahead of the Thursday debt swap deadline.
After a slightly disappointing services ISM employment print, a weak ADP report could see economists taking down their assumptions for Friday's payrolls report.
