The JSE closed higher on Tuesday as better-than-expected GDP data lifted miners and shares with a primarily local focus, leading to a strong performance for the local bourse. Gains were broad-based, led by resources and gold stocks, after the local economy grew 1.3% in 2017 on an annualised basis, well ahead of market expectations, and Treasury’s forecast of 1%. Globally, a risk-off tone had also reversed overnight, as investors shrugged off the likelihood of US President Donald Trump’s import tariffs being implemented. Planned US tariffs on aluminium and steel are facing opposition within Washington, with pushback from senior Republicans helping soothe investor nerves, Dow Jones Newswires reported. The all share closed 2.3% higher at 59,242.90 points and the top 40 gained 2.42%. Resources rose 3.41%, the gold index 2.88%, general retailers 2.7%, industrials 2.17%, banks 1.96% platinum 1.77%, and property 1.34%. Positive sentiment by big mining and industrial stocks permeated the ma...
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