The JSE closed firmer on Friday with mining stocks carrying the day, as the all share delivered its best weekly performance in five weeks, despite market heavyweight Naspers coming under selling pressure.Mining stocks gained on higher commodity prices, with the dollar little changed against the euro. Brent crude was 0.5% higher at the JSE’s close, at $72.50 a barrel, while the gold price had added 0.7% to $1,344.20.A weaker rand towards the close resulted in a sell-off in local banking stocks with property counters also trending weaker. Naspers slipped below R3,000 again after China’s March export data disappointed. Chinese internet group Tencent, of which Naspers owns 31.2%, closed lower in Hong Kong trade, dragging Naspers down.News that Naspers could raise nearly R4bn by selling its 16.6% stake in Indian e-commerce player Flipkart to Walmart, was also not met well, as it is set to further increase the controversial discount between its stake in Tencent and Naspers’s present marke...
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