The JSE gained on Friday as global equity markets rose following reports that progress was being made in the US-China trade talks.
Gains in the platinum and gold sectors could be attributed in part to the labour court’s decision earlier to disallow a sympathy strike in the sectors after the Association of Mineworkers and Construction Union applied for permission to stage a seven-day secondary strike across a range of gold- and platinum-mining companies.
Shortly after the JSE closed, the gold price had risen 0.52% to $1,302.93/oz and platinum 0.81% to $830.21. Brent crude had given up 0.86% to $66.58 a barrel. Rand hedges gained despite the stronger local currency, with AB InBev up 0.88% to R1,170.20, British American Tobacco 0.91% to R582.78, and Richemont 0.46% to R104.03.Naspers was flat at R3,1460. Its Hong-Kong listed associate Tencent is due to release results next week.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE edges higher despite slip by banksThe JSE closed a little higher on Monday, largely due to a positive performance from Naspers, while banks came under some pressure from earnings reports.
Source: TimesLIVE - 🏆 28. / 59 Read more »
MARKET WRAP: JSE edges higher ahead of Brexit voteAll eyes are on the UK Parliament’s Brexit vote later on Tuesday evening, which could cause further volatility in global currency markets
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE marginally weaker after gloomy dataSome UK-focused shares benefit from a surge in the pound, but the JSE is flat amid pressure on retailers, which offset gains by platinum miners
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE marginally weaker after gloomy dataThe JSE closed a little lower on Thursday, as gloomy local and international data weighed on sentiment, and shares reacted to a weaker rand.
Source: TimesLIVE - 🏆 28. / 59 Read more »
MARKET WRAP: JSE edges higher despite slip by banksAbsa leads banks lowers after disappointing the market with its results, while Naspers gains amid a bit of optimism over the US-China trade talks
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: Miners lead the JSE higher despite Brexit issuesUncertainty over Brexit has weighed on sentiment, although miners gained from safe-haven interest in gold and a rising oil price
Source: BDliveSA - 🏆 12. / 63 Read more »
From injured commuters to taxi route closures, here's a wrap of the Soweto violenceSowetoTaxiShutdown The associations are fighting over taxi routes and taxi ranks, which include Dube station, Makhetha stores, Uncle Tom's Hall and Mfolo Sizwe.
Source: TimesLIVE - 🏆 28. / 59 Read more »
JSE set for a strong start on TuesdayInvestors are also likely to react to a trading statement issued by quick-service restaurant franchiser Famous Brands after the market’s close on Monday. The newspaper using pictures at least 5 years out of date whocanyoutrust?
Source: TimesLIVE - 🏆 28. / 59 Read more »
Levi Strauss seeks $6.2bn valuation in market returnCompany's initial public offering comes at a time when demand for denim is surging
Source: BDliveSA - 🏆 12. / 63 Read more »
A market darling falls to Earth🔒 For almost two decades since EOH’s inception in the late 1990s, the IT management company was a market darling. But now buffeted by corruption allegations and other bad news, its market value has collapsed. Corruption..
Source: mailandguardian - 🏆 2. / 92 Read more »