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S. African stocks close higher ahead of state of nation address

Xinhua, February 8, 2017 Adjust font size:

The Johannesburg Stock Exchange (JSE) closed higher on Tuesday ahead of President Jacob Zuma's state of the nation address.

Strength in the industrial, financial and food and drug retailers and banking indices pushed the JSE up.

The all share was 0.36 percent higher at 52,181.91 points while top-40 index gained 0.03 percent to 45,366.88 points.

Industrials lost 0.17 percent. The gold index was up 0.91 percent and platinums gained 1.42 percent; resources gained 0.48 percent and banks gained 0.84 percent.

Sasol eased 1.67 percent to R386.5.

In golds, Harmony rose 4.77 percent to R37.31.

Impala Platinum added 3.19 percent to R53.33 while Anglo American Platinum gained 1.02 percent to R223.9.

Firstrand Bank rose 1.02 percent to R49.7 and Standard Bank 0.28 percent to R141.02.

Sanlam fell 1.06 percent to R61.74. Endit