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Shares edge up on Johannesburg stock market

Xinhua, April 19, 2016 Adjust font size:

Shares on the Johannesburg Stock Exchange (JSE) edged up 0.24 percent on Monday, with gains in resource and financial shares leading the upward trend.

At 05:00 local time (05:00 GMT), the all-share index was up 0.24 percent to 53,166.59 and the blue-chip top 40 index gained 0.25 percent.

The rand shrugged off weaker oil prices. The rand was trading at R14.48 to the U.S. dollar, R20.63 to the British pound and R16.39 to the euro at the close of trade at 05:00 local time (05:50 GMT).

On the top 10 gainers list for today was Barclays Africa Group (BGA), whose shares advanced 4.21 percent to R145.90 after investors traded 2,215,719 shares in 4,151 deals. Tsogo Sun Holdings (TSH) also rose, climbing 3.96 percent to R25.20 after 1,190 deals exchanged a total of 1,609,429 shares by 5:00 pm.

Losing 5.02 percent was Nampak (NPK), after investors bought and sold 2,078,976 shares in 1,164 deals and sent the share price down to R21.40. Alexander Forbes Group Holdings (AFH) slid to R6.69 after investors traded 3,114,162 shares in 181 deals, resulting in a loss in share price of 4.84 percent. Endit