The JSE came back from a mixed start to end Wednesday’s trading session in positive territory‚ led by gains by banks and diversified miners. Banks and financial stocks ignored the clarity provided on Tuesday by the Competition Commission‚ that it would withdraw rand-rigging allegations against some banks. The all share closed 0.32% higher at 51‚596.80 points and the blue-chip top 40 rose 0.48%. Financials lifted 0.83% and resources 0.96%. Gold and platinum miners lost 3.24% and 1.37%‚ respectively‚ and general retailers 1.55%. BHP was 1.99% up to R197.65 and Anglo American 1.58% to R170.55. Standard Bank was up 1.67% to R144.50, Nedbank 1.16% to R210.50 and Investec 2.58% to R96.19 Analysts said investors’ positive sentiment towards emerging markets had been cooling with respect to SA‚ as the ANC headed to a national policy conference on Friday. BMI Research lowered its growth forecast for SA‚ saying there were few signs of economic momentum picking up until 2018‚ as investor cautio...
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