The share prices of some of the heavyweights on the JSE responded
positively on Friday morning to good corporate news which helped to pull
the major indices higher.
Big shares like Naspers [JSE:NPN], SABMiller [JSE:SAB] and Richemont [JSE:CFR] continued their upward momentum of the past few days and by midday the industrial index was 1.23 higher.
This helped the All Share-index strengthen by 0.83% stronger to 54 324 while the Top 40-index gained 0.92% in morning trade to be at 48 260 points by midday.
A rise of more than 4% in the Barclays Africa [JSE:BGA] share price, after Imara SP Reid said the banking group offered a buying opportunity, also helped the financial index 1.16% higher to end the sell-off in banking shares over the past few days.
The uptick in the prices of recovery shares seems to have run out of steam and the resources 10-index was again lower, this time it lost 0.78%. The volatile gold index lost 3.26% and was midday at 1 200 points, a very important support level.
Big shares like Naspers [JSE:NPN], SABMiller [JSE:SAB] and Richemont [JSE:CFR] continued their upward momentum of the past few days and by midday the industrial index was 1.23 higher.
This helped the All Share-index strengthen by 0.83% stronger to 54 324 while the Top 40-index gained 0.92% in morning trade to be at 48 260 points by midday.
A rise of more than 4% in the Barclays Africa [JSE:BGA] share price, after Imara SP Reid said the banking group offered a buying opportunity, also helped the financial index 1.16% higher to end the sell-off in banking shares over the past few days.
The uptick in the prices of recovery shares seems to have run out of steam and the resources 10-index was again lower, this time it lost 0.78%. The volatile gold index lost 3.26% and was midday at 1 200 points, a very important support level.
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