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Johannesburg - The JSE opened firmly on Monday as it tracked international markets.
At 09:23 local time, the JSE All Share [JSE:J203] index was up 0.39% to 34 215.24 points. Gold miners, however, were down 0.96%, resources rose 0.63% and the platinum index lifted 0.60%.
Financials were up 0.35%, banks gained 0.38%, while industrials firmed 0.26%.
The rand was at R7.68 to the US dollar, from R7.73 at the JSE's close on Friday. Gold was quoted at $1 733.01 a troy ounce from $1 722.55/oz at the JSE's previous close, while platinum was at $1 644/oz, from $1 631/oz before.
"The opening has been fairly firm but I don't expect large volumes today as it is a holiday in the US," a local trader said.
Asian stock markets rose sharply on Monday after China eased policy over the weekend and amid optimism Greece was on the verge of securing its second bailout package, Dow Jones Newswires reported.
Saturday's 50 basis-point cut to banks' reserve requirement ratio from the People's Bank of China drove copper prices 2.2% higher and oil prices over $1.50 a barrel as efforts to support Asia's biggest economy were given a thumbs-up by investors' worries about the demand outlook.
Japan's Nikkei Stock Average was up 1.1% at 9 485.09, having hit an intraday high of 9 549.31 - the first move above 9 500 since early August last year. Elsewhere, China's Shanghai Composite Index gained 0.4%, Hong Kong's Hang Seng Index was flat, Australia's S&P/ASX 200 advanced 1.4% and South Korea's Kospi Composite climbed 0.1%.
At 09:23 local time, the JSE All Share [JSE:J203] index was up 0.39% to 34 215.24 points. Gold miners, however, were down 0.96%, resources rose 0.63% and the platinum index lifted 0.60%.
Financials were up 0.35%, banks gained 0.38%, while industrials firmed 0.26%.
The rand was at R7.68 to the US dollar, from R7.73 at the JSE's close on Friday. Gold was quoted at $1 733.01 a troy ounce from $1 722.55/oz at the JSE's previous close, while platinum was at $1 644/oz, from $1 631/oz before.
"The opening has been fairly firm but I don't expect large volumes today as it is a holiday in the US," a local trader said.
Asian stock markets rose sharply on Monday after China eased policy over the weekend and amid optimism Greece was on the verge of securing its second bailout package, Dow Jones Newswires reported.
Saturday's 50 basis-point cut to banks' reserve requirement ratio from the People's Bank of China drove copper prices 2.2% higher and oil prices over $1.50 a barrel as efforts to support Asia's biggest economy were given a thumbs-up by investors' worries about the demand outlook.
Japan's Nikkei Stock Average was up 1.1% at 9 485.09, having hit an intraday high of 9 549.31 - the first move above 9 500 since early August last year. Elsewhere, China's Shanghai Composite Index gained 0.4%, Hong Kong's Hang Seng Index was flat, Australia's S&P/ASX 200 advanced 1.4% and South Korea's Kospi Composite climbed 0.1%.
