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South African stocks up on 1st trading day of 2017

Xinhua, January 4, 2017 Adjust font size:

The Johannesburg Stock Exchange (JSE) all share closed 0.72 percent higher on the first trading day of 2017 on Tuesday.

Gold had moved up 0.19 percent to sell at 1,152.3 U.S. dollars an ounce.

The South African rand was trading at R13.79 to the U.S. dollar, R16.85 to the British pound and R14.31 to the euro at 5:00 p.m. (CAT).

At close of session the all share was 0.72 percent higher at 51,020.66 points. Platinums were up 5.78 percent and resources were up 1.51 percent.

The JSE was quiet, with most traders still on holiday. Volumes are expected to pick up only from next week.

Lonmin shares rose 16.07 percent to R27.23, while Northam Platinum shares climbed 7.68 percent to R43.61.

Gold miner Harmony dropped 1.3 percent to R31. MTN was up 3.04 percent at R130. Endit