JSE firms despite subdued global markets, boosted by the property index
The JSE brushed off a fall by market heavyweight Naspers to close slightly higher on Friday, with a number of international events giving the market most of its direction. Property stocks rose as global bond yields fell, while miners were boosted by a weaker rand, as an ongoing trade war between the US and China again dominated market news. Gold miners particularly benefited, as investors sought safe-haven assets. Global sentiment was risk-off, but analysts said the latest threats from the White House were likely just posturing by US President Donald Trump, as negotiations between US and Chinese officials get underway. Trump could be low-balling the initial "offer", in order to try set an advantageous reference point for a later trade deal, said Vestact analysts. The all share added 0.21% to 55,878.8 points and the top 40 0.09%. The property index gained 3.06%, gold miners 2.99%, platinums 2.6% and resources 1.06%. Banks fell 1.28% and industrials 0.3%. Sasol gained 3.53% to R421.30...
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