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S. African stocks close marginally higher on Monday

Xinhua, January 24, 2017 Adjust font size:

The Johannesburg Stock Exchange (JSE) was marginally stronger on Monday as resources sector gained after a weaker U.S. dollar bolstered commodity prices.

The all-share index was up 0.76 percent at 53,040.48 points at close, as gold and resource stocks gained 3.71 percent and 2.08 percent, respectively.

The South African rand was trading at R13.52 to the U.S. dollar, R16.82 to the British pound and R14.5 to the euro at 5 p.m. (CAT).

U.S. President Donald Trump's pro-nationalist speech on his inauguration led the dollar to weaken on Monday.

Anglo American was up 3.17 percent at R223.38, Kumba Iron Ore rose 7.75 percent to R165.94.

Gold Fields was up 3.66 percent at R47.24 and Sibanye 6.39 percent to R28.99. Anglo American Platinum gained 4.94 percent to R51.

Nedbank was up 1.66 percent to R237.6 and Barclays Africa picked up 0.98 percent to R164.6. Discovery was up 1.08 percent to R115.09.

Shoprite was off 2.11 percent at R170.13 and Steinhoff lost 0.43 percent to R70.21. Endit