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S. African stocks close marginally up with banks still on the mend

Xinhua, February 1, 2017 Adjust font size:

The Johannesburg Stock Exchange (JSE) closed marginally higher on Tuesday from a flat opening as banks and retailers strengthened.

The South Africa rand was trading stronger at R13.37 to the U.S. dollar, R16.7 to the British pound and R14.41 to the euro at 5:00 p.m. (CAT).

The gold price was up 1.6 percent at 1,214.26 U.S. Dollar.

The all share was up 0.24 percent at 52,788.12 and the blue-chip 40 rose 0.17 percent. Banks were up 1.02 percent and platinums added 1.72 percent. General retailers rose 0.99 percent.

Sasol was down 0.62 percent to R399.51. Lonmin was amongst the biggest movers downwards, as shares slid 2.53 percent to R21.93.

Global luxury goods company Richemont added 1.42 percent to R105.

Standard Bank was up 0.97 percent to R143.92. Barclays Africa rose 1.48 percent to R158.81.

MTN rebounded 1.17 percent to R125.47. Endit