JSE edges up in ahead of public holiday
Xinhua, August 9, 2016 Adjust font size:
The Johannesburg Stock Exchange (JSE) edged up on Monday ahead of the country's Women's Day public holiday, but had losses across the board led by a 3.21 percent drop in gold mining stocks.
At the close of trading session, the all-share index was up 0.37 percent to 52486.65 points, with the top 40 having gained 0.28 percent.
The rand was trading at R13.77 to the US dollar, R17.95 to the British pound and R15.24 to the euro at 5pm.
Gold had fallen 1.69 percent to sell at 1,338.29 U.S. dollars an ounce.
Banks and broader financial stocks held up on the account of a strong rand environment, which lessens the likelihood of an interest-rate increase in the short term.
Among individual shares on the JSE, Anglo American was down 0.02 percent to R155.68 while BHP Billiton gained 2.88 percent to R185.95.
Sasol picked up 3.29 percent to R375.33 and African Rainbow Minerals gained 5.60 percent to R102.96.
British American Tobacco was off 2.71 percent at R773.58. Endit