JSE slightly firmer in mixed trade as rand returns to Friday’s levels
JSE closed slightly firmer on Monday in mixed trade as Naspers reached another record high
The JSE closed slightly firmer on Monday in mixed trade as Naspers reached another record high while resources weakened on the firmer rand. The rand traded firmer than R13.20 to the dollar for most of the day, before weakening marginally toward the close as the dollar lost ground to $1.1248 to the euro. Platinum and gold shares turned around in late afternoon trade as commodity prices firmed with industrials also ending the day firmer, mainly on British American Tobacco, with general retailers rising nearly 1%. At the JSE’s close the platinum price had risen 0.54% to $943 an ounce and gold 0.39% to $1,258. Brent crude was 0.56% higher at $54 a barrel. Naspers’s share price hit more than R2,800 in intraday trade, bringing gains for the year so far to 40%. Shares in the internet and media group continue to rise on a strong performance by Chinese firm Tencent, in which it owns 34%, in Hong Kong trade. Naspers closed 0.90% higher at R2,796 after climbing as high as R2,846.50 earlier. Ol...
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