The JSE began 2017 on a positive note, if in subdued trade, following the release of market-pleasing purchasing managers data from China, while the rand lost ground as the dollar surged on the expectation of accelerated interest-rate increases in the US. The JSE all share index ended 0.72% firmer at 51,020.7 points, its first above 51,000 since the third week of November. Industrials added 0.42%, resources 1.51%, and banks and financials 0.82% and 0.54%, respectively. The day’s big winners, however, were platinum miners, which notched up 5.78%. But gold miners suffered a lower bullion price owing to the resurgent dollar, finishing 0.36% lower. Among platinum stocks, Lonmin rocketed 16.07% to R27.23, Impala gained 3.56% to R44.26 and Anglo American Platinum 4.66% to R276.72. Gold miner Harmony lost 1.3% to R31.12 and Anglogold Ashanti 1.08% to R150.93. Diversified Miner BHP Billiton added 2.34% to R223.80 and Glencore closed 2.72% higher at R47.95. Nedbank did best of the big four ba...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.