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JSE shares closes higher on Tuesday

Xinhua, October 5, 2016 Adjust font size:

Shares on the Johannesburg Stock Exchange (JSE) Tuesday closed higher, with financial shares leading gains, helping to offset 6.25 percent losses in gold miners. The all share index closed 0.74 percent higher to 5,2040.85 points. The top 40 was 0.81 percent higher.

The South Africa rand was trading at R13.67 to the U.S. dollar, R17.40 to the British pound and R15.25 to the euro at 5 p.m. local time.

Gold and platinum stocks bucked the trend thanks to a relatively strong U.S. dollar that undermined precious metal prices, particularly that of platinum which dropped almost 2 percent on Monday.

Global resources company Anglo American climbed 0.37 percent to R170.00, while British American Tobacco, the second biggest stock by market value on the JSE behind Anheuser-Busch InBev, lifted 1.45 percent to R882.61.

Financial services group Nedbank lifted 1.31 percent to R224.13 and Barclays Africa gained 2.91 percent to R155.40.

Adcorp Holdings shares rose 7.57 percent to R15.49, while PSG Group shares climbed 4.43 percent to R208.86.

Harmony Gold Mining Company was amongst the biggest movers downwards, as shares slid 7.12 percent to R43.70. Sibanye Gold fell 6.42 percent to R44.76. Endit