S. African stocks close higher, big win for gold miners

The Johannesburg Stock Exchange (JSE) on Wednesday saw the all share index closing higher 1.43 percent to 50.978.85 points, with gold miners index jumping by 4.79 percent.

Sibanye Gold as one of the biggest winners gained 5.96 percent to R38.56; Harmony gained 3.45 percent to R43.44; and Gold Fields gained 5.09 percent to R57.36.

Spot gold rose 1.17 percent to 1,289.52 U.S. dollars an ounce while the rand closed gaining 2.72 percent to R13.54 to the U.S. dollar.

Banks suffered most from the shock of Donald Trump's presidential victory. The JSE's banking index fell nearly 2 percent, led by FirstRand, which fell 1.53 percent to R50,97 followed by Standard Bank, which fell 1.79 percent to R148.5.

Among individual shares on the JSE, Anglo American fell 1.89 percent to R184.94 and BHP Billiton gave back 1.7 percent to R202.5.

Sasol was down 1.05 percent at R371. 56 on a weaker price of crude oil. AngloGold Ashanti gained 4.29 percent to R185.12. Endit