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JSE closes firmer on Tuesday

Xinhua, April 11, 2017 Adjust font size:

The Johannesburg Stock Exchange (JSE) performed beyond expectations on Tuesday, as banks and retailers regained from a recent sharp sell-off.

The all share index was up 0.74 percent to 53,535.16 points at close of trading. The performance is its best since January, with the blue chip top 40 gaining 0.72 percent.

The Gold index was again the star performer, and gained 1.39 percent on the back of rand weakness.

The South African rand dropped by 0.56 percent against the U.S. dollar. The local unit traded at R13.87 to dollar and R17.15 to the British Pound at 5:00 p.m. (CAT).

Among individual shares, Salol was down 2.44 percent to R411, while Richemont reached yet another 52-week high on Tuesday, gaining 1.69 percent to R110.75.

Naspers traded 0.09 percent softer at R2 445.022. Steinhoff was 1.03 higher at R68.9.

Anglo American dropped 0.96 percent to R209.96.

Among retailers, Mr Price was up 1.78 percent to R148 and TFG recovered 3.46 percent to R146.44. Massmart recouped 2.7 percent to R131.85. Endit