Off the wire
• Unemployment reaches record high in Brazil  • Sao Paulo sign former Hertha BSC midfielder Cicero  • Xinhua China news advisory -- Dec. 30  • China treasury bond futures open higher Friday  • Market exchange rates in China -- Dec. 30  • China Hushen 300 index futures open higher Friday  • Trump calls for U.S. to "move on" from Russian hacking allegations  • Chinese shares open higher Friday  • New Aussie drone laws put passenger jets at risk: pilots  • Chinese yuan strengthens to 6.9370 against USD Friday  
You are here: 　 Home

JSE rallies 0.71 percent with broad support

Xinhua, December 30, 2016 Adjust font size:

Thursday's weaker U.S. dollar dampened the attractions of South Africa's rand hedge shares but the overall tone of the market was positive.

The Johannesburg Stock Exchange (JSE) all-share index closed 0.71 percent higher at 50,682.08 points while the gold mining index gained 5.53 percent.

The rand was at R13.68 against the U.S. dollar and R16.69 against the British pound and R14.3 for a euro. The U.S. dollar's retreat reflected a two-week low in U.S. treasury yields and rising risk aversion on fears that the economy may not perform as strongly as hoped next year.

Spot gold added another 0.46 percent to 1,146.93 U.S. dollars per ounce, while platinum remained flat at 899.24 U.S. dollars per ounce.

Sibanye Gold Limited gained 5.69 percent to sell at R24.7. Gold Fields Limited rose 5.42 percent to sell at R42.4.

Diversified miners fell back, Glencore slipped 1.93 percent to R46.29 and South32 lost 3.64 percent to R26.76.

In the Banking sector, Standard Bank added 0.28 percent to R152.73 and FirstRand lifted 2.48 percent to R53.8.

Naspers continued its earlier gains, up 3.27 percent to R2,049.99. Endi