Johannesburg - The JSE gained traction on Wednesday morning‚ with industrials and general retailers supporting the market. Investors are awaiting the February CPI print at 10am this morning and the SA Reserve Bank’s interest rate announcement at noon.
At 9:25am‚ the JSE All Share [JSE:J203] index had gained 0.26% to 40‚451.13 points‚ with the Top 40 - (Tradeable) [JSE:J200] index 0.34% higher.
General retailers and industrials added 0.57% and 0.47% respectively‚ while resources gave back 0.13%.
Meanwhile Asian markets were mixed in cautious trade as concerns over developments in Europe continued to weigh on sentiment‚ Dow Jones Newswires reported.
Uncertainty remained over the situation in Cyprus‚ where a plan to tax local bank deposits failed to pass after the ruling Democratic Rally party abstained from voting. The tax was proposed over the weekend as a way to help fund a bailout for the country's banks.
The Hong Kong Hang Seng Index was 0.92% firmer at 9:10am local time.