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S. African stocks close in positive Wednesday

Xinhua, January 19, 2017 Adjust font size:

The Johannesburg Stock Exchange (JSE) closed higher on Wednesday, led by financials and industrial shares.

The all share index firmed 0.22 percent to 52,933.28 points at close of session as banks gained 0.63 percent, financials gained 0.37 percent and industrials gained 0.25 percent.

Gold miners rose the most, climbing 0.35 percent higher. Gold had dropped 0.1 percent to sell at 1215.15 U.S. dollars an ounce as investors eased up on switching to safe-haven assets.

Trading was patchy for general financial stocks and retailers after a batch of trading updates in recent days.

The South Africa rand was trading at R13.47 to the U.S. dollar, R16.58 to the British pound and R14.41 to the euro at 5:00 p.m. (CAT).

Resource equities, which had a strong start to the year, dipped broadly in line with weaker commodity prices.

Barclays Africa rose 1.71 percent to R167.6 and Standard Bank 0.57 percent to R150.85.

Anglo American fell 0.13 percent to R220.45 and BHP Billiton lost 0.29 percent to R240.6. British American Tobacco was up 0.44 percent to R773.41. Endit