JSE shares rise for a second day
Xinhua, April 21, 2016 Adjust font size:
Shares on the JSE climbed on Wednesday as the resources rally rolled on.
The JSE All Share ended 0.77 percent higher at 53.789.75 at its close on Wednesday, with gains in resource and gold mining shares leading the upward trend. The top 40 index edged up 0.52 percent.
The resource index rallied 2.73 percent to its best level since November, boosted by shares such as Anglo American, which responded to higher metal prices.
However in the industrial sector, British American Tobacco was off 1.31 percent to R870.47 (about 61 dollars), with SABMiller losing 0.80 percent to R872.63. Naspers dropped 3.46 percent to R2,016.
On the top ten gainers list was Impala Platinum Holdings, whose shares rose 16.67 percent to sell at R56.47 after 7,296,779 shares were exchanged in 6,757 deals on Wednesday.
Barclays Africa was up 1.83 percent to R145.61 while Woolworths rose 2.31 percent to R91.39.
The rand was steady in late afternoon trade, despite expectations that it could weaken on news of slightly better-than-expected consumer price index data. Endit