Futures end the week tracking the JSE rally, while Dow opens flat
South African futures were firmer on Friday, tracking the JSE which has consistently posted broad-based gains this week.
The all share closed 0.56% higher at 53‚598 points and the blue-chip top 40 added 0.54%. General retailers rose 2.08%‚ banks 0.91%‚ resources 0.61%‚ industrials 0.55%‚ food and drug retailers 0.54%‚ financials 0.53%‚ platinums 0.51%, and property 0.46%.
The all share was up 3.27% this week, its best performance this year. It is now up 5.81% so far in 2017.
The Dow Jones industrial average opened flat, dragged down by the banking sector which was digesting quarterly earnings results from major firms, reported Dow Jones Newswires.
At 5.40pm, the Dow was unchanged, while the S&P 500 was up 0.18% and the Nasdaq 0.27%. The FTSE 100 was down 0.56%, the CAC 40 0.14%, and the DAX 30 0.24%.
In early evening trade, the rand was at R13.0376 to the dollar from R13.2084, R14.9338 to the euro from R15.0553, and R17.0467 to the pound from R17.0884.
The euro was at $1.1454 from $1.1398.
Brent crude was up 0.57% to $48.67 a barrel, while gold had gained 0.77% to $1226.67 an ounce and platinum 1.38% to $917.35.
The futures market followed the stronger JSE, with the top-40 Alsi futures index up 0.6% at 47,506 points. The index gained 3.56% in the week.
The number of contracts traded was 22,821 from Thursday’s 21,521.