The JSE all share closed flat on Friday, but ended the week lower as the market could not hold up above the important 54,000-point resistance level. In a choppy week of trade, banks and financials were buoyed by a firmer rand, but platinums retreated on the stronger local currency with spot prices providing little support. The all share closed 0.06% lower at 53,996.10 points and the blue-chip top 40 dropped 0.08%. Platinums dropped 1.81%, resources shed 1.06%, and banks were 0.65% lower. Food and drug retailers added 0.86%, industrials were up 0.48%, and the gold index rose 0.68%. The all share ended the week 0.79% lower, the first negative week in three, but is up 6.6% for the year. Anglo American ended the day 1.98% lower at R173.78. Sasol was down 1.27% to R392.95. Among gold stocks, Sibanye dropped 2.83% to R17.51 while Gold Fields added 2.41% to R48.49. Impala Platinum was 1.33% lower at R37. Lonmin lost 3.05% to R14.30. Standard Bank lost 1.03% to R153.35 and Barclays Africa 1...
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