S. African stocks close firmer on Friday
Xinhua, February 11, 2017 Adjust font size:
The Johannesburg Stock Exchange (JSE) closed firmer on Friday.
The all share was up 0.51 percent to 52,687.29 points, with the blue-chip top 40 gaining 1.65 percent. The support came from industrials and financial stocks, while gold mining and platinum shares lagged.
The spot price of gold and platinum were both down at respective prices of 1,232.3 U.S. dollars an ounce and 1,002.29 dollars an ounce.
Weak mining figures led to a fall in mining stock share prices with Gold Fields leading the losers, giving up 3.4 percent to R45.4. Harmony Gold Mines lost 2.34 percent to R36.15.
Impala Platinum led the losers among platinum producers, shedding 2.28 percent to R53.14.
Banks were all strong with Standard bank gaining 2.45 percent to R144.52 followed by FirstRand with a 2.47 percent gain to R51.03.
Rand hedge stocks were mixed, with British American Tobacco shedding 0.24 percent to R839.92 while Richemont gained 1.09 percent to R100.55. Endit