The JSE closed virtually unchanged on Monday from its close on Friday last week, though banking and financial shares gained as the rand strengthened. Shares traded slightly higher for most of the day, but started losing value as investors dumped safe-haven assets such as bullion and gold-mining shares in response to global sentiment oscillating towards risk-on trade. The all-share index closed flat (0.10% higher) at 51,683.40 points with the top 40 adding 0.14%. Banks and financial services companies closed 1.69% and 0.74% higher respectively. Gold miners shed 4.43% and platinums lost 2.27%, despite a 0.77% firmer platinum price at $935.65/oz at the JSE’s close. The gold price had dipped 0.27% to $1,263.21. The Dow Jones was 0.48% higher at the JSE’s close, while the FTSE had dipped 0.39%. The Paris’s CAC 40 was up 0.37% and Germany’s Dax 0.60%. Among individual shares, Anglo American fell 2.71% to R181.96 and BHP Billiton retreated 0.48% to R207.56. In the gold-mining sector, Gold ...
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