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Miners‚ industrials keep JSE up

Johannesburg — Mining and industrial stocks kept the JSE in positive territory at noon‚ against the generally negative global backdrop following the downgrade of France’s triple-A rating by Moody’s.

At 12:44‚ the All Share [JSE:J203] index was up 0.15% at 37 287 points‚ with the Top 40 - (Tradeable) [JSE:J200] index nudging up 0.21% to 33 090.34. Platinum and industrial indices lifted 0.67% and 0.48%‚ respectively.

“Europe remains an issue for investors. Global economic growth in the foreseeable future is going to be driven by emerging markets and companies that sell into those markets‚” said David Shapiro‚ a director at Sasfin Securities.

Leading European bourses were in the red at noon‚ with UK’s FTSE 100 down 0.15%.

Among individual stocks on the JSE‚ BHP Billiton lifted 1.10% to R274.12 and Aquarius Platinum lifted 7.07% to R6.06.

But Exxaro lost 3.52% to R157.78.

Among industrials‚ British American Tobacco was up 1.48% to R451.33 and Richemont rallied 3.69% to R64.29‚ a record high for the counter.

Telecom share Vodacom gained 1.49% to R118.50 and RMB Holdings dipped 2.35% to R39.81.
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Rand - Dollar
19.05
-0.8%
Rand - Pound
24.04
-0.6%
Rand - Euro
20.55
-0.4%
Rand - Aus dollar
12.37
-0.2%
Rand - Yen
0.13
-0.7%
Platinum
901.20
+0.5%
Palladium
997.97
-0.4%
Gold
2,206.11
+0.5%
Silver
24.64
-0.0%
Brent Crude
86.09
-0.2%
Top 40
68,067
+0.6%
All Share
74,267
+0.5%
Resource 10
56,746
+2.0%
Industrial 25
103,647
+0.4%
Financial 15
16,482
-0.3%
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