The JSE closed slightly firmer on Friday as property stocks recovered strongly, led by troubled Resilient, while Naspers reversed gains from earlier in the week.Resilient shareholders are awaiting the results of the independent review of the group’s linked shareholding, with an update expected next week.Resilient shares rocketed 9.94% to R59.37, Fortress B 5.09% to R14.65, Nepi Rockcastle 9.34% to R131.99 and Greenbay 14.68% to R1.25.The property index led the overall market, closing 3.06% higher, while the all share gained 0.21% to 55,878.80 points. The gold index rose 2.99%, platinums 2.6% and resources 1.06%. Banks shed 1.28% and industrials 0.3%.The all share ended the week 0.73% higher, recording its first weekly gain in four weeks.Harmony Gold jumped 4.88% to R28.80 and Gold Fields 3.65% to R47.13.FirstRand dropped 2.61% to R65.73.Mr Price fell 2.11% to R276.53, while Woolworths added 2.37% to R61.74.Naspers faced renewed headwinds on fears of an escalating global trade war, c...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.