Johannesburg - A relatively strong demand for banking and platinum stocks kept the JSE in positive territory at noon‚ as market players looked to the US data releases this afternoon for further direction.
At 12:46‚ the JSE All Share [JSE:J203] index was 0.66% firmer at 40 271.41 points‚ with the blue-chip Top 40 - (Tradeable) [JSE:J200] index gaining 0.69%. Banking and platinum indices gained 1.59% and 1.29% respectively.
“Market tensions around Cyprus bailout package seems to have subsided in the short term‚” said Nicholas Sorour‚ portfolio manager at Sasfin Securities. “The US data‚ including consumer confidence numbers‚ should provide some further impetus.”
Leading European shares were marginally firmer‚ with UK’s FTSE 100 up 0.12%.
Paul Hansen‚ portfolio manager at Stanlib‚ said the US‚ Chinese and Japanese economies were looking better‚ while stock markets were still in reasonably buoyant mood in the final week of the first quarter.
Among the notable movers on the JSE on Tuesday‚ American Platinum (AMS) moved 1.85% firmer at R402.30 and Lonmin (LON) gained 3.10% to R42.90.
Kumba Iron Ore (KIO) gained 3.14% to R482.25 and African Rainbow Minerals (ARI) was up 2.72% to R189.
Barloworld (BAW) was up 3.59% to R95.30 while Standard Bank (SBK) rallied 1.18% to R119.45 and Absa (ASA) gained 2.67% to R160.70.
At 12:46‚ the JSE All Share [JSE:J203] index was 0.66% firmer at 40 271.41 points‚ with the blue-chip Top 40 - (Tradeable) [JSE:J200] index gaining 0.69%. Banking and platinum indices gained 1.59% and 1.29% respectively.
“Market tensions around Cyprus bailout package seems to have subsided in the short term‚” said Nicholas Sorour‚ portfolio manager at Sasfin Securities. “The US data‚ including consumer confidence numbers‚ should provide some further impetus.”
Leading European shares were marginally firmer‚ with UK’s FTSE 100 up 0.12%.
Paul Hansen‚ portfolio manager at Stanlib‚ said the US‚ Chinese and Japanese economies were looking better‚ while stock markets were still in reasonably buoyant mood in the final week of the first quarter.
Among the notable movers on the JSE on Tuesday‚ American Platinum (AMS) moved 1.85% firmer at R402.30 and Lonmin (LON) gained 3.10% to R42.90.
Kumba Iron Ore (KIO) gained 3.14% to R482.25 and African Rainbow Minerals (ARI) was up 2.72% to R189.
Barloworld (BAW) was up 3.59% to R95.30 while Standard Bank (SBK) rallied 1.18% to R119.45 and Absa (ASA) gained 2.67% to R160.70.