Diversified mining shares and industrial stocks steered the JSE higher on Tuesday, as banks paused following a strong recovery in recent sessions. Mining stocks took their lead from stronger commodity prices and quarterly production reports from companies in the Anglo stable boosted sentiment. These saw the R13.90-trillion all-share index, which continued to trade in a fairly narrow band, up 0.21% to 51,789.80 points at lunchtime. The top 40 gained 0.15%. "An appraisal of the performance of the JSE all share in recent months clearly illustrates the range-bound trading nature, reflecting the battle between the bulls and bears on the domestic market," said Momentum SP Reid Securities analysts. MTN Group led the charge in the industrial sector, rallying as much as 7% to R117.49, as investors sought bargains in the recently sold-down mobile operator. Banks were marginally weaker, after rallying in six out of the past seven sessions as investors awaited the mid-term budget on Wednesday. ...
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