The JSE closed firmly in the black yesterday boosted by a decision from Swiss bank UBS, to raise its recommendation on South African equities to 'overweight' from 'neutral'. The bank forecast a solid recovery for South Africa in the global economy.
The JSE all share index finished 1.98% firmer, with resources 1.31% better off and platinum miners 4.64% higher. Gold miners added 0.68%. Banks added 3.25%, financials gained 2.23%, and industrials were 2.52% stronger. Other stocks to show gains included SAB Miller, Bidvest, Aspen, telecommunication stocks, retail and media stocks.
http://www.businessday.co.za/articles/Content.aspx?id=109808
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