The JSE closed firmer on Monday, as banks were buoyed by the stronger rand and some miners received a boost from both domestic politics and Chinese economic data.Resources shares gained after the government backtracked on the implementation of the controversial revised Mining Charter on Friday.On Monday, Chinese GDP and industrial production data outperformed expectations, with industrial production in the world’s largest metal market growing at 7.6% in June 2017 compared with the previous year, reported Dow Jones Newswires.The all share closed 0.43% higher at 53,827.4 points and the blue-chip top 40 added 0.4%.Platinums gained 3.37%, banks 0.87%, financials 0.56%, industrials 0.34% and general retailers 0.53%. Gold miners shed 0.41%.Platinum counters were also boosted by Lonmin, which earlier reported better-than-expected platinum production for its third quarter, ended June. Its share price surged 14.82% to R12.86.Anglo American Platinum added 1.56% to R318.05, Impala 3.24% to R36...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.