Some morning losses on JSE but platinum index shines
The closure of some Asian markets and Donald Trump's state of the union address on Tuesday is subduing market activity
Local corporate news gave the JSE the bulk of its direction on Monday, with the platinum index faring well after a market-pleasing update from Impala Platinum. Implats jumped 9.68% to R42.50, after earlier reporting a 19% growth in platinum sales for the six months to end-December. This lifted the platinum index, although the JSE was suffering minor, but broad-based losses, on Monday morning. The closure of Chinese markets was subduing activity. Investors are also watching for US President Donald Trump's state of the union address on Tuesday. Locally, President Cyril Ramaphosa will make his state of the nation address on Thursday, which comes ahead of the budget statement on February 20. At 10am the all share was down 0.13% at 53,860.8 points and the top 40 0.25%. The platinum index was up 3.41%. General retailers had fallen 0.96%, food and drug retailers 0.91%, banks 0.66% and industrials 0.32%. Gold was and platinum had both fallen 0.36% to $1,313.52/oz and $822.43/oz respectively...
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