Futures higher as property stocks boost all share to third successive daily gain
South African futures were firmer on Friday as the all share closed higher for the third day running with property stocks playing catch-up. The all share closed 0.71% higher at 50,899.90 points and the blue-chip top 40 added 0.75%. The South African listed property index jumped 2.36%, financials gained 1.41% and banks were up 1.36%. Industrials rose 1.14% and food and drug retailers gained 1.12%. The gold index shed 2.92% and resources dropped 1.02%. The all share ended the week 3.34% higher and is up 0.41% for the year. The Dow Jones was flat (+0.09%) in early evening trade, but the S&P500 had risen 0.36%. European markets were also firmer with the FTSE 100 up 0.22%, the Paris CAC 40 0.62% and Germany’s Dax 0.21%. At 5.41pm, the local near-dated top-40 Alsi futures index had added 0.85% to 44,300 points, with 59,895 contracts traded from 45,965 on Thursday.
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