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JSE rallies after Christmas trade

Xinhua, December 29, 2016 Adjust font size:

Gold shares took center stage in slow early post-Christmas trade on the Johannesburg Stock Exchange (JSE) on Wednesday with Harmony, Sibanye Gold, AngloGold Ashanti and Gold Fields among the first top 10 gainers.

The all-share index lifted 1.87 percent to 50,322.72 points at the close of the session.

Spot gold added 0.04 percent to 1,137.25 U.S. dollars per ounce, but platinum slid 0.93 percent to 904.89 U.S. dollars per ounce. Traders attributed gold's moves to a slightly weaker U.S. dollar and technically driven trade. Gold miner lifted 3.22 percent.

The South African rand was trading at R13.82 to the U.S. dollar and R16.87 to the British pound at 5:00 p.m. (1500 GMT).

AngloGold rose 2.64 percent to R139.49 and Gold Fields 1.67 percent to R40.22.

Among banks, Standard Bank rose 2.21 percent to R152.31 and FirstRand climbed 2.34 percent to R52.5. Endi