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Johannesburg - The JSE opened mildly higher on Thursday with gold miners the main laggards‚ while platinum stocks and banks provided support.
The market was keenly awaiting January mining production figures out at 11:30am and manufacturing production numbers‚ also for January‚ due at 1pm.
At 9:46am‚ the JSE All Share [JSE:J203] index was trading 0.14% higher at 40‚932.31 points. Gold miners shed 1.61%‚ while platinum counters gained 0.46%.
“Analysts will look closely to see how quickly the mining sector is recovering from last year’s labour unrest‚” Barclays said in a morning note.
“Consensus calls for a 4.2% year-on-year decline in mining production figures after a 7.5% fall in December. The other key release is manufacturing production where we forecast a gain of 2.3% year on year.”
