The JSE closed higher on Monday as positive global sentiment supported risk-on trade, on a firmer euro.The all share pared some of its intraday gains as the euro lost some ground toward the close, but overall sentiment remained positive.Diversified miners turned negative towards the end of the day with gold shares also losing ground — albeit with little change in the metal price — and erratic trade in the dollar.Analysts warned that the positive sentiment might not last, despite a strong opening on the Dow and positive European markets."While US trade policy continued to undermine sentiment, recent economic data continued to offer encouragement to equity markets," Momentum Securities analysts said in a note.Naspers was one of the bigger drivers of the market on the day, at one point rising nearly 3%, before losing steam towards the close. After climbing 5% on Friday, the market heavyweight ended the day up 2.18% at R3,268.75.Co-manager of the Old Mutual Edge 28 Fund at Old Mutual In...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now