Wednesday, 12th March 2008 at 9:34 pm
Daily Wrap : 12 March 2008

Today was a good day for the JSE with the all share index closing 1.65% higher. A combination of factors resulted in the JSE closing on the up: Resources were up 2.21% today, the platinum mining index rose 2.82% and industrials were up 1.37%. World markets were generally positive today after news that the US Federal Reserve Bank had raised liquidity in financial markets.

The rand was bid at R7.80 to the dollar from 7.84 when the JSE closed yesterday, while gold was quoted at $975.90 an ounce from $971.07 at the JSE’s last close. Platinum was last at $2 050/oz, up five dollars, from its overnight close of $2 045/oz.

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