JSE tracks firmer Asian markets as retailers lift
There were a few corporate releases to give the market direction on Friday morning, with banks and retailers pushing higher despite rand weakness overnight
The JSE brushed off a weaker rand and pushed higher on Friday, in line with healthy gains on Asian markets. Asian stocks were buoyed by a rally in China, after index group MSCI said it would increase the proportion of mainland Chinese stocks in its global benchmarks. At 10am Naspers was flat, however. This was inline with its main asset Tencent, which was failing to benefit from the rally. The all share was up 0.22% at 56,127.3 points and the top 40 0.21%. General retailers had gained 1.38%. Platinums were down 1.23% and gold miners 1.04%. Gold was down 0.32% to $1,309.08/oz and platinum 0.33% to $868.95. Brent crude was 0.63% higher at $66.80 a barrel. Corporate results have given the local bourse much of its direction this week. African Rainbow Minerals was flat at R167.71. It earlier declared a dividend of R4 for the six months to end-December, up from the R2.50 it declared in the prior comparative period. AB InBev gained 1.59% to R1,112.020. It gained 5.36% on Thursday, having r...
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