Precious metals shine as JSE all share ends last trading day and year flat
The JSE closed marginally lower on Friday as a very quiet market notched up further gains in the gold index. Platinums also picked up, and property was a little higher, while banks fared worst of the major indices. Trade was exceptionally quiet this week with most market participants on leave until at least next week. Turnover on Friday amounted to just R5bn. The JSE all share ended the day down a fractional 0.06% to 50,653.5 points, with the index ending 2016 down 0.08%. Gold shares added 3.21% bringing their gains for the week to 12.31%, while those for the year stand at 28.85%. Platinums were up 1.03% on Friday, with the index having added more than 50% this year. Banks closed 0.71% lower, but ended the year up 26.97%, while property was up 0.6% and finished the year on a modest rise of 3.84%. Asian markets ended mixed while us and European markets were lower. At 1.31pm The Dow Jones industrial average was off 0.07%, while London’s FTSE 100 had given up 0.42%, Paris’s CAC40 0.23%...
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