The JSE Securities Exchange South Africa (JSE) was seeing better volumes early on Wednesday with market interest in resources and gold on the back of a weaker rand and stronger gold price.
Dual listed and rand hedge stocks were likely to benefit from the weaker local
currency, and help boost the bourse.
At 0915, the all share index was up 0,49%, with resources adding 1,19%, the gold
index gaining 3,71% and the platinum mining index up 0,96%. Industrials were down 0,23% and the IT index lost 0,27%. Despite the weaker rand, financials were flat (0,01%).
The rand was trading at 9,0450 to the dollar, from 8,87 when the JSE opened
yesterday, while gold was quoted at $359,63 an ounce from $355,0/oz at the previous open. – I-Net-Bridge