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South African bourse closes higher, led by gains in banks

Xinhua, July 8, 2016 Adjust font size:

The Johannesburg Stock Exchange (JSE) closed firmer on Thursday as banks and financials rebounded from a sharp sell-off earlier in the week.

Gold mining shares fell 3.15 percent on Thursday, but gains in financials and other sectors helped the JSE all share index close 0.56 percent higher.

A U.S. dollar cost R14.71, a British pound cost R18.95 and a euro cost R16.25, at close session.

The gold price lost 0.62 percent to 1353.54 dollars an ounce, while the platinum price softening 0.29 percent to 1,083.02 dollars at 5:00 p.m. local time.

The all share index was 3.15 percent higher at 51,097.48 points and the blue-chip top 40 had added 0.86 percent.

Banks were up 2.20 percent. Resources firmed 0.45 percent, and financials were 1.10 percent stronger. The gold index dropped 0.51 percent.

Anglo American recovered 4.87 percent to R145.24.

Among gold shares, Sibanye dropped 3.34 percent to R55.85, while Harmony Gold Mining Company fell 4.48 percent to R61.68.

Investec plc rose 2.11 percent to R83.71. FirstRand led the positive trend among the bigger banks, adding 1.78 percent to R43.65. Barclays Africa rebounded 1.74 percent to R135.50.

Old Mutual was up 2.56 percent to R37.19, while Barloworld gained 5.48 percent to sell at R73.00. Endit