South African futures were firmer on Monday after the JSE all share closed in positive territory following a strong performance from Shoprite and Steinhoff after their planned merger was called off. Shoprite gained 8.64% to R188 and Steinhoff 4.96% to R70.11. The all share closed 0.64% higher at 52,558.60 points and the blue-chip top 40 rose 0.96%. Food and drug retailers added 3.01%, industrials 1.18% and resources 0.56%. The gold index was down 3.85% and platinums 1.19%. Banks lost 0.59% and financials 0.24%. The rand was firmer in early evening trade as it appeared to make another assault on R13/$, as the latter weakened slightly against the euro. At 5.45pm the rand was at R13.0521 to the dollar from Friday’s R13.0785. Brent crude was 0.84% higher at $56.16 a barrel. At 5.46pm, the local near-dated top-40 Alsi futures index had gained 1.07% to 45,664 points with 17,847 contracts traded from Friday’s 24,030.
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.