THE JSE extended gains in early afternoon trade on Friday, with banks and industrial stocks attracting the most flows while resources lagged. The all share was up 0.87% to 54‚341.50 points, with the blue-chip top 40 gaining 0.95%. Banks and industrials, which have been lagging of late, recovered 1.67% and 1.16%, respectively. "It’s a nice bounce after a volatile week. The global backdrop is supportive of the market gains," Investec Asset Management’s head of dealing for emerging markets, Ryan Wibberley, said. Gold miners were the notable underperformers in the resource complex, losing 3.5% amid the slightly weaker gold price, which stood at $1,214.67 per ounce. Europe’s leading share markets were relatively higher at midday while US stock futures pointed to a firmer opening on Wall Street later in the day. Among the industrial stocks, SABMiller was up 1.49% to R678.20, with Richemont gathering 3.28% to R108.16. Aspen, which has been struggling for the last while, recovered 4.94% to R369.22, while PPC regained 6.81% to R18.36. Among gold stocks‚ AngloGold Ashanti lost 4.38% to R129.75 and Harmony fell 5.42% to R19.20.

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