JSE up after Fed decision

December 13 2012 at 10:18am

INLSA

The JSE board in Sandton in Johannesburg. Photo: Leon Nicholas.

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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 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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