The JSE opened firmer on Thursday, apparently moving away from the lacklustre trade seen earlier in the week as platinums rallied on the firmer platinum price. The spot platinum price was up 0.18% to $1,015.81/oz, while gold was flat at $1,239.98. Early morning gains were broad based with general retailers and banks firmer, but gold stocks took a breather. Market focus was on the state of the nation address (Sona) by President Jacob Zuma as concern about a possible Cabinet reshuffle appears to have diminished. "But markets were likely to remain vigilant and cautious in the politically charged environment," Nedbank Corporate and Investment Banking (CIB) analysts said. At 9.34am the all share was 0.46% up at 52,040.80 points. The blue-chip top 40 gained 0.51%. Platinums added 1.73%, resources 0.81%, general retailers 0.64%, banks 0.57% and industrials 0.36%. The gold index shed 1.32%. The Dow closed 0.18% lower at 20,054.34 points as financials and industrials weakened, but the cyclic...
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