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JSE closes slightly higher, led by financial shares

Xinhua, July 1, 2016 Adjust font size:

The Johannesburg Stock Exchange (JSE) rallied past the 52,000-point mark on Thursday, as calm in stock exchanges prevail following the Brexit anxiety that led to losses.

The all-share index was up 0.63 percent to 52,217.72 points at the close of trading session, with the top-40 index lifted 0.53 percent. Financial shares led gains, offsetting losses in gold miners, while gold had risen 0.19 percent to 1320.15 dollars an ounce.

The rand was trading at R14.65 to the U.S. dollar, R19.58 to the British pound and R16.24 to the euro at close of session.

"The immediate high volatility impact of the Brexit decision has faded and increasingly investors will look towards the geopolitical and economic considerations of the decision," Momentum SP Reid Securities'analysts wrote in a note.

The calmer market allowed investors to accumulate resources and platinum shares, with their respective indices gaining 0.23 percent and 2.39 percent, while banks were up 1.23 percent.

Among individual shares on the local market, Anglo American lifted 5.07 percent to R145.57, with BHP Billiton adding 0.09 percent to R181.16.

Kumba Iron Ore rose 7.24 percent to R111.00 and African Rainbow Minerals boost 7.21 percent to R92.00

Anglo American Platinum gained 1.77 percent to R141.00, with Lonmin adding 4.66 percent to R37.99.

Standard Bank gained 1.03 percent to R127.80, with Barclays adding 1.85 percent to R144.85.

Old Mutual was up 1.64percent at R38.45, with Sanlam garnering 1.73 percent to R61.02.

Steinhoff recouped 2.37perecent to R84.27 and Naspers lifted 2.24 percent to R2,239.99. Endit