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JSE closes higher for two consecutive days

Xinhua, October 12, 2016 Adjust font size:

The Johannesburg Stock Exchange (JSE) was firmer on Tuesday as the higher oil price buoyed sentiment among miners.

Commodity prices rose in tandem, with spot gold up 0.08 percent to 1,255 U.S. dollars an ounce. Platinum rose 0.58 percent to 965 U.S. dollars an ounce.

The all share was 0.43 percent higher at 51,988.82 points and the blue-chip top 40 added 0.62 percent. Platinums firmed 0.87 percent and resources climbed 1.84 percent. The gold index was up 1.32 percent.

Industrials firmed 0.97 percent.

Bucking the trend, banks lost 3.58 percent and financials were down 2.18 percent.

The South Africa rand trading weaker after Finance Minister Pravin Gordhan received a summon for fraud investigations in relation to the investigation at the South African Revenue Service. The rand was trading at R14.36 to the U.S. dollar, R17.53 to the British pound and R15.87 to the euro at close of session. Endit