JSE up after Fed decision
South Africa / 13 Dec '12, 10:18am
The JSE continued its strong run on Thursday morning as traders reacted to news from the US.
At 9.49am‚ the all share index was up 0.07% to 38‚789.04 points‚ with gold miners leading the way‚ adding 1.04% followed by platinum miners‚ which rose 1.07%.
The JSE is seen in this file photo: Leon Nicholas. Credit: INDEPENDENT MEDIA
“The JSE is up this morning after the Fed said it would continue to purchase bonds to stimulate the economy‚” said Mark Kalkwarf‚ a senior portfolio manager from the Iquad Group.
On the JSE‚ Harmony (HAR) added 1.35% to R71.15‚ Amplats (AMS) rose 1.37% to R439.99‚ Exxaro (EXX) gained 0.88% to R160.86.
Telkom gained 0.64% to R15.65‚ while Group Five (GRF) lost 1.69% to R28.51. - I-Net Bridge