Off the wire
• Morocco arrests 52 IS suspects in nationwide operation  • 2nd LD Writethru:8 injured as blast hits security forces convoy in SW Pakistan  • Kenya to review electricity contracts, seeking lower costs  • Urgent: U.S. Fed keeps interest rates unchanged  • Sudan expects higher rank in Africa gold production  • 1st LD Writethru:7 injured as blast hits security forces vehicle in SW Pakistan  • Urgent:5 injured as blast hits SW Pakistan  • Italian leaders vow to prevent terrorist attacks  • British FTSE 100 rises 0.39 pct on Wednesday  • Two men arrested after threatening train passengers in Sweden  
You are here: 　 Home

The JSE closes up on two consecutive sessions

Xinhua, July 28, 2016 Adjust font size:

After a stumble at lunchtime, the Johannesburg Stock Exchange (JSE) managed to recoup and climbed with the top 40 index edging up 0.18 percent at the close of session on Wednesday.

The financial index was 0.09 percent up while the resources index had gained 1.04 percent.

In the resources sector on the JSE, BHP Billiton was 1.82 percent higher on R181.27, while Anglo American climbed 4.19 percent to R426.29

Kumba was the star performer gaining 6.23 percent to R132.03 after the company announced on Tuesday an earnings growth of 20 percent in the first half of the year.

Bucking the trend, SABMiller was 2.63 percent lower on R811.14 and the share price is now almost 10 percent lower over the past 30 days, as it seems the proposed take-over of the group by Anheuser Busch ABInBev is sailing into troubled waters at a stage when almost all the regulatory approvals for the deals have been dealt with.

British American Tobacco traded 1.55 percent lower on R887.64 and MTN lost 2.41 percent to R144.05.

The SA rand was at R14.2984 to the dollar from R14.3638 at the previous close. Endit