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JSE up after Fed decision

Markets

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%.

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The reception area of the Johannesburg Stock Exchange. File picture: Leon Nicholas

“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

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