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JSE closes higher as miners regain from sell-off

Xinhua, May 5, 2017 Adjust font size:

Shares on the Johannesburg Stock Exchange (JSE) closed higher on Friday, as commodities stocks rebounded taking a cue from the global markets.

The all share index was up 0.31 percent to 53,579.1 points, as the resource 20 index regained 1.57 percent, paring weekly losses to 2.2 percent.

Financial stocks lost 0.32 percent and industrials were 0.43 percent up.

Among the diversified miners on the JSE, Glencore recovered 2.31 percent to R50.05, with BHP Billiton regaining 1.91 percent to R198.73 and Anglo American recouping 2.21 percent to R177.79.

But Kumba tumbled 4.24 percent to R148.91 and Exxaro dropped 3.92 percent to R102.8. Harmony gained 1.06 percent to R29.47

Woolworths was off 1.67 percent to R70.8, with Mr Price losing 1.96 percent to R147 and Truworths losing 4.12 percent to R79.15. Endit