The JSE opened firmer above the 53,000-point level on Wednesday as mining stocks continue to attract attention from investors. The resources 10 and gold indices have both grown 11% so far this year. But platinum has been the real mover, with the platinum index gaining 24% in 2017 after climbing 50% last year. At the same time the platinum price has risen only 10%, while the rand was 1.6% stronger against the dollar. Apart from miners, there was only marginal recoveries in banks and financials in early morning trade, but industrials were stronger, led by the rand hedges. At 9.35am the all share was 0.54% higher at 53,074.60 points and the blue-chip top 40 added 0.66%. Platinums gained 1.48%, the gold index 1.13%., resources 0.71% and industrials 0.67%. The Dow Jones Industrial Average closed 0.54% lower at 19,864.09 points on Tuesday as it continues to slip from its highs above 20,000 last week. The Dow ended January 0.51% higher after climbing 3.34% in December and 5.41% in November...
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