The JSE closed firmer on Monday in thin trade as banks and property shares shrugged off a weaker rand, ending the day higher. Industrials also found support.Trading volumes were low ahead of Workers’ Day, but did manage to surpass R13m by the close.A lower platinum price, trading 1.15% weaker at $903.45 an ounce, dragged platinum stocks down, while the weaker rand supported some mining stocks. The local currency was last seen at R12.4581 to the dollar from R12.3535 previously.Sentiment was risk-on, after talks between the South-and North-Korean leaders last week calmed markets, with North Korea’s Kim Jong-un pledging at the weekend to shut down Pyongyang’s nuclear test site, Dow Jones Newswires reported.Local trade data supported market sentiment after surprising to the upside.SA recorded a trade surplus of R9.47bn in March, but this was lower than the surplus of R11.81bn recorded in the same period a year ago.A Trading Economics consensus forecast had expected R3.47bn.The all share...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.