MARKET WRAP: JSE firms on Naspers, while gold and platinum stocks retreat
The JSE closed firmer on Wednesday on a sterling performance from Naspers, while platinum and gold stocks dropped on weaker metal prices and a stronger rand.Brent crude was largely unchanged at $78 a barrel.US stocks struggled for direction with fresh worries over North Korea appearing to weigh on sentiment, Dow Jones Newswires reported. Pyongyang had signaled its leader, Kim Jong-un, might pull out of next month’s summit with US President Donald Trump if the US insists on de-nuclearisation for the isolated nation.The equity market has scored significant gains so far this month, but suffered a sizable drop on Tuesday as the Dow halted an eight-session winning streak, the newswire said. Despite this, the stock market seemed to have turned a corner this month, overcoming some concerns about inflation, rising interest rates, trade fights and geopolitical tension.The all share closed 1.26% higher at 58,621.80 points and the top 40 added 1.51%. Industrials rose 2.02%, banks 1.55%, resour...
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