The JSE started the week firmer on Monday with broad-based gains as upbeat trade in Hong Kong supported Naspers. Chinese company Tencent, of which Naspers owns 33.2%, was sharply up on the Hang Seng after the Chinese authorities announced a clampdown on WhatsApp’s activities in the country, thereby boosting Tencent’s messaging app WeChat. Tencent effectively operates in a closed market. At 9.36am Naspers was up 1.35% to R2,844. The all share added 0.58% to 54,474.80 points and the blue-chip top 40 rose 0.68%. Banks and retailers were early market favourites after the rand firmed to R12.8802 in morning trade before weakening marginally. Food and drug retailers rose 0.84%, general retailers 0.82%, banks 0.81%, industrials 0.77% and financials 0.54%. The platinum index softened 0.16% on a weaker performance from Impala Platinum, which fell 1.41% to R36.34, while Anglo American Platinum (Amplats) climbed 0.19% to R312.12. Amplats announced after the opening that interim headline earning...
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