The JSE edged up on Wednesday, thanks to banks, financials and industrial, while Brexit-affected stocks took a breather with the pound after Tuesday’s rally spurred by British Prime Minister Theresa May’s speech. The all share firmed 0.14% to 52,891.70 points at lunchtime as banks gained 1.21%, financials 0.37% and industrials 0.31%. Trading was patchy for general financial stocks and retailers after a batch of trading updates in recent days. Resource equities, which had a strong start to the year, dipped broadly in line with weaker commodity prices. Politics has a played a big part in shaping market sentiment this week, overshadowing the US corporate earnings reporting for the fourth quarter.
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