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JSE closes higher on Monday as banks regained from sell-off

Xinhua, May 8, 2017 Adjust font size:

Shares on the Johannesburg Stock Exchange (JSE) closed firmer as investors digest the news of French presidential elections at the weekend, which saw Emmanuel Macron winning the presidential race.

The all share index was up 0.22 percent to 53,696.37 points at close as banks and retailers regained from last week's sell-off. The top 40 index was up 0.14 percent at 40,976.82 points.

The resources index was 0.86 percent lower, while the financial index traded 0.95 percent higher.

The South Africa rand was traded at 13.57 to the U.S. dollar, 14.82 against the euro and 17.52 against the British pound at 5:00 p.m. (CAT).

Among the banks' shares, FirstRand regained 1.45 percent to 48.85 rand and Barclays Africa recovered 1.8 percent to 147 rand, Old Mutual was up 1.35 percent to 33.7 rand.

BHP Billiton was 0.41 percent softer at 197.91 rand and Anglo American lost 1.32 percent to 177.01 rand. Glencore was steadier, losing only 0.18 percent to 49.96 rand. Endit