/ 17 August 2007

SA market turns positive on European rebound

South Africa’s blue chip Top-40 index turned positive after opening over 1% weaker on Friday, following a rebound in European shares.

At 07h41 GMT, the Top-40 index was 0,67% stronger at 23 577,36, with the broader all-share index 0,54 percent firmer at 26 130,95 points.

European shares turned positive on Friday as financial stocks gained after a rally in United States markets and despite sharp falls in Asia.

The JSE financial index was 0,05% stronger. — Reuters