The JSE closed firmer on Monday with broad-based gains underpinned by a strong recovery in mining stocks after a torrid performance last week. Volumes were low, however, with only R9.7bn traded by the close compared to a daily average R24bn in 2016. After a firm start industrials rebounded further in intra-day trade on a softer rand with retailers, banks and property cashing in on a lagging market. The all share closed 1.14% up at 51,855.40, the highest daily percentage gain in a month. The blue-chip top 40 rose 1.22%. The gold index added 2.72% and platinums rose 2.41%. Resources firmed 1.63%. General retailers rose 1.48%, and food and drug retailers added 1.39%. Industrials rose 1.21%. Anglo American, trading at 6.3 times expected earnings for 2017 and a possible dividend yield of more than 6%, closed 3.12% up at R191.30 on Monday after retreating 8.78% last week. Among platinum stocks, Northam added 5.02% to R50 and Implats recovered 2.40% to R40.17. However, hapless Lonmin shed ...
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