JSE opens higher as better commodity prices support miners
Despite holding above 60,000 points, JSE trade has been lacklustre so far this week as the market eyes global developments
The JSE opened firmer on Thursday as miners and retailers were early gainers on upbeat Asian markets. The Hang Seng was up 0.86% and the Shanghai Composite 0.36%. The Nikkei 225 softened 0.20%. Higher commodity prices supported miners, with banks and financials benefiting from a stable rand, which traded at R14.16/$ from R14.1559. Platinum rose 0.33% to $933.32 an ounce and gold 0.24% to $1,284.3. Brent crude added 0.17% to $63.59 a barrel. Despite holding above 60,000 points, JSE trade has been lacklustre so far this week as the market eyes global developments. The Dow closed flat for the third successive session on Wednesday as optimism over US President Donald Trump’s tax reforms receded. “Sentiment regarding the US tax reforms continued to ebb and flow on whether it would be a positive boost sooner or later to the US economy,” TreasuryOne currency dealer Phillip Pearce said. At 9.31am the all share was 0.32% up at 60.267.30 and the blue-chip top 40 0.37% at 53,927.30. Platinums ...
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