JSE pushes higher in broad-based gains
The all share is on track for its best week in over a month as local equities benefit from Moody’s reprieve
The JSE pushed higher in broad-based gains on Friday, looking to end the week with its best performance since early January. Positive Chinese economic data, signs of progress in the US-China trade talks, as well as a reprieve from Moody’s Investors Service has proved positive for local equities. On Friday, gold and platinum miners were leading the gains, with the latter boosted by a rising precious metal price. The platinum index has performed best so far in 2019, lifted by a rising palladium price, platinum’s sister metal. The price of platinum, however, has risen more than 6% so far this week, reaching $900 for the first time in 10 months. At 10am the all share was up 0.33% to 57,900.5 points and the top 40 0.37%. Gold miners were up 2.43% and platinums 1.45%. The rand had firmed 0.21% to R14.094/$. Platinum was up 0.14% to $900.36/oz while gold was down 0.16% to $1,290.16. Brent crude was down 0.19% to $69.08 a barrel.
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