The JSE opened firmer on Wednesday as retailers rebounded on the ongoing recovery at Steinhoff, while platinum stocks gained on the weaker rand. Anglo American Platinum announced that it had made some progress on the repositioning of its assets, including selling its Pandora stake to Lonmin. The rand closed at R13.675 to the dollar on Tuesday, but firmed slightly after the JSE’s opening. The Dow closed 0.49% higher at a record 24,504.80 on Tuesday. Asian markets were mixed, with the Nikkei 225 falling 0.47% and the Hang Seng up 1.52%. Despite rising longer-term risks as the global equity bull market matured, "bottom-up opportunities remained evident", Franklin Templeton analysts said. "European stocks remained abundantly cheap relative to the rest of the world, while Asian opportunities have also been emerging," Franklin Templeton said. At 9.31am the all share had risen 0.3% to 57,695.50 and the bluechip top 40 was also up 0.3%. The platinum index was up 0.89%, food and drug retaile...
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