Upward momentum among diversified miners and bargain hunting kept the JSE afloat on Tuesday, outweighing the effect of a stronger rand that reflected in some the big industrial stocks. The resource 10 index climbed for the third day running as iron-ore prices resumed their recent rally, although the copper price softened slightly on the London Metal Exchange. The two industrial commodities have risen strongly in the past two weeks since Donald Trump’s election victory election amid hopes of higher fiscal spending on infrastructure. The iron-ore price hovered at about $75 a ton early afternoon trade, its best level since November 2014, after notching up 6% on Tuesday. Other commodity prices were little changed to weaker on the day. The all-share index, which has been volatile since Trump’s victory, edged up 0.15% to 51,195.5 points at lunchtime, with the top 40 rising 0.08%. "Most people consider volatility as an enemy; we regard it as a friend. Getting the opportunity to buy good co...
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