South African Shares at Upward Momentum
On Wednesday, the global market was seen facing a downtrend. But today seems to be a lucky day as good news has been coming from South African stock markets. It has been reported that almost all shares on FTSE/JSE Africa closed at their highest.
The shares of Anglo American Plc, BHP Billiton Ltd., Datatec Ltd., First Uranium Corp., Gold Fields Ltd., Harmony Gold Mining Co., Investec Ltd., Old Mutual Plc, SABMiller Plc and Shoprite Holdings Ltd. are among those shares which witnessed maximum surge, today.
It has been reported that First Uranium Corp. touched the highest among the shares by touching 4.9%. However, looking at the company's perspective, the increase was the lowest since 2007, when it for the first time it was listed on the JSE. The company has been in news for power plant project which it has been delaying for some hidden reasons.
Next to it stood Anglo American Plc whose shares were as high as 3.3%. It has been revealed that the group will be seen working upon $3 billion project of constructing Quellaveco copper deposit in Peru, next year. Following the surge in the market it is hoped that the financial turmoil faced by the world would end soon.
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