OWN CORRESPONDENT, Johannesburg | Tuesday 5.00pm.
SHARES on the JSE continued to power higher in afternoon dealings alongside stronger world markets and after two weeks of sustained weakness.
Banking, financial services and information technolgy stocks rallied the highest after being hit the hardest.
The overall ended a whopping 3,40% or 288 points up, with financials 4,29% or 466 points up and industrials 3,69% or 345 points strong.
The gold board finished 1,70% or 18 points in the black. By late afternoon gold was trading on international markets at $283,35 and ounce.
Dealers said there is appetite amongst both local and foreign institutions. They said caution over expected US interest rate increase on Wednesday has been set aside.
Lender Nedcor sprinted up 6,7% or 960 cents to R152. FirstRand leapt 64 cents or 7,4% to 919 cents. Tech stock Didata soared 370 cents or 8,8% to R45,50.
At 4.45pm the rand was trading at R6,28 to the dollar and R10,14 to the pound.
The Hang-Seng finished 0,78% or 121 points up and the Nikkei lost 0,60% or 116 points. — Reuters