JSE holds up in subdued trade

November 21 2012 at 04:18pm

Independent Newspapers

The JSE. Photo: Simphiwe Mbokazi.

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The JSE held up at noon‚ supported by some buying interest in industrial and platinum shares‚ in an otherwise subdued session.

At 12.40pm‚ the all-share index was up 0.28% at 37‚412.77 points‚ with the top 40 index gaining 0.28% to 33‚192.25.

Industrials and platinum counters added 0.52% and 0.53% respectively.

“There sees to be enough feel among the bulls to push this market higher despite mixed macro-economic signals‚” said Devin Shutte‚ a trader at stockbrokerage‚ Newstrading.

The local exchange has recovered fully from last week’s sharp losses‚ which were largely attributed to investor worries about the US economy.

European shares were slightly lower at noon‚ with France’s CAC 40 index slipping 0.21%.

Among individual stocks on the JSE‚ Lonmin (LON) was down 4.16% to R38‚ ArcelorMittal SA (ACL) regained 2.92% to R26.09 and Impala Platinum (IMP) lifted 1.75% to R153.80.

Industrial share Barloworld (BAW) gained 1.78% to R77.35‚ while The Foschini Group (TFG) was up 2.97% to R133.60 and Woolies (WHL) rose 2.09% to 68.40. - I-Net Bridge

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