A local trader attributed the local activity to some position
squaring among the players ahead of the weekend.
The local near-dated
Alsi contract added 0.11% or 33 points to 30,845 points.
The rand was
firmer at R7.55 against the US dollar, from R7.63 at the previous close, while
gold was quoted at US$1,736.71 a troy ounce from US$1,756.65/oz before.
The total number of contracts that exchanged hands was 45,166 from
43,236 on Thursday.
Meanwhile, US stocks moved higher on Friday after a
closely watched government payrolls report showed the economy added more jobs
than expected and the unemployment rate edged lower in January.
The US
Labor Department's January data showed nonfarm payrolls rose 243,000 last month,
marking the biggest gain since last April. The jobless rate fell by two-tenths
of a point to 8.3%, the lowest it is has been since February 2009. Both numbers
beat expectations. Economists surveyed by Dow Jones Newswires expected a slowing
to 125,000 jobs from December's 200,000. The unemployment rate was expected to
hold steady at 8.5%.
"It's an unequivocally robust number," said David
Joy, chief market strategist at Ameriprise Financial in Boston. "There's been a
lot of skepticism over whether [recent stock gains] represented anything
material. This reinforces that businesses are regaining confidence and
increasing hiring."
European markets moved higher on the back of
encouraging economic data. The eurozone composite purchasing manager's index
confirmed private-sector activity expanded in January, with the index rising to
50.4 from 48.3 in December.