The JSE all share was flat on Friday, but gained 1.38% for the week, as the bigger shares carried the day; companies with a predominantly local presence were sold off after recording gains earlier in the week. Naspers was the main gainer among the bigger stocks, on the news that Google had concluded a licensing agreement with Chinese internet company Tencent, of which Naspers owns about a third. Local shares, however, were sold off after a good run following the Reserve Bank’s decision to keep interest rates on hold on Thursday. The all share closed 0.02% lower at 60,912.90 points while the blue-chip top 40 gained 0.09%. Banks dropped 2.51%, financials 1.41%, property 1.4%, general retailers 1.15%, and food and drug retailers 0.98%. Resources added 0.71%, industrials 0.4% and platinums 0.15%. Standard Bank lost 2.75% to R194.50, Nedbank 3.06% to R259, and FirstRand 2.47% to R64.47. Steinhoff rocketed 10.13% to R7.61, with Steinhoff Africa Retail rising 2.58% to R19.90, while Massmar...
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