Resource stocks helped steer the South African share market to its best intra-day level since 2015 on Tuesday, while some of the big industrial stocks took a breather after staging a strong rally in recent days. The all-share index was up 0.41% to 54,591.10 points at lunchtime, as diversified resources gained 2.55%, while other constituent indices were mostly lower. The impetus in the resources sector came from Kumba Iron Ore, which reinstated a dividend when reporting its interim results earlier in a day. Kumba shares surged as much as 13% after it declared a R15.97 per share dividend, its first return to shareholders since 2015. Commodity prices were also broadly higher, with the price of copper rising just more than 2% to $6,161 a tonne, its highest since May 2015. The weaker rand, which slipped through R13 to the dollar, boosted gains in the resource complex. The industrial index was marginally lower, after rising in 10 out of 11 sessions, powered by the likes of Naspers that ro...
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