Mining shares nudged the JSE all-share index up just after noon on ThursdayÃ¢â‚¬Å¡ as the SA share market looked set to wrap up the year on solid ground.
At 12.35pmÃ¢â‚¬Å¡ the all share index was up 0.30% to 39Ã¢â‚¬Å¡306.75 points. Platinum stocks climbed 0.78% for a 12% gain this monthÃ¢â‚¬Å¡ while resources have risen 0.63% on the day.
Ã¢â‚¬Å“The market looks thin although money continues to flow into the resources sector. It would seem that fund managers are generally comfortable with these price levels going into the new yearÃ¢â‚¬Å¡Ã¢â‚¬Â said Rob TowellÃ¢â‚¬Å¡ senior equities trader at Consilium Securities.
Major European markets were mildly firmer at noonÃ¢â‚¬Å¡ with LondonÃ¢â‚¬â„¢s FTSE 100 gaining 0.19%.
On the JSEÃ¢â‚¬Å¡ Anglo American (AGL) added 1.57% to R265.10Ã¢â‚¬Å¡ Impala Platinum (IMP) gained 1.27% to R164.06 and Northam Platinum (NHM) rose 1.07% to R37.76.
Exxaro (EXX) was up 2.04% to R171.44Ã¢â‚¬Å¡ as was Kumba Iron Ore (KIO)Ã¢â‚¬Å¡ up 2.29% to R561.91.
Luxury group Richemont (CFR) was down 2.45% to R65.75Ã¢â‚¬Å¡ while short term insure Santam (SNT) rallied 5.43% to R195.67 and Pick N Pay (PIK) added 2% to R45.39.
Source : abdas.org