The JSE all share closed at a second, consecutive record level on Friday as the weaker rand supported retailers and property stocks, following mixed US jobs data. The all share was up 0.54% at midday, but lost some ground toward the close, before recovering later, while gold stocks pared gains on the stronger dollar. Platinum stocks ended flat, while the price of the precious metal fell. Brent crude was more than 3% lower in late trade, at $55.20 a barrel, on rising global output, as tropical storm Nate continued on its path towards the US coast line. Retail and property stocks proved popular on the day, with volumes firming to more than R27bn at the close, more that the R15bn recorded on Thursday. The rand weakened 0.5% to R13.77 to the dollar in afternoon trade, from R13.69, on a firmer dollar after US jobs data indicated strong wage growth, which could result in higher consumer inflation in the US over the medium term and so support further rate hikes by the US Federal Reserve. E...
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