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S. African stocks edge up on Black Friday

Xinhua, November 26, 2016 Adjust font size:

The Johannesburg Stock Exchange (JSE) edged up 0.27 percent to 50696.1 points at close of session on Friday.

The blue-chip top 40 was 0.29 percent up. Gold mining shares gained 1.75 percent, while the resources lost 0.46 percent.

Gold had gained 0.47 percent to sell at 1,186 U.S. dollars an ounce, silver was up 1.3 percent at 16.49 dollars an ounce, but platinum fell 0.21 percent to 908.6 dollars an ounce.

The South African rand was trading at R14.19 to the U.S. dollar, R17.6 to the British pound and R15.04 to the euro at 5 p.m. (CAT).

Gold stocks looked set to end weaker for the third straight week, affected by the gold price that fell below 1,200 dollars for the first time since February in this week.

Banks, which are most sensitive to the country's credit rating, were mixed ahead of the Moody's decision tonight. The trading picture was just as patchy in the broader financial and industrial sectors. Endit