JSE flat as oil pushes past $70 a barrel
The local bourse was little changed, with rising commodity prices and a weaker rand supporting miners, while banks and retailers were under strain
The JSE was little changed on Monday morning, with a weaker rand and rising oil price benefiting some stocks, but putting pressure on others. The oil price has risen amid signs that production cuts by oil-cartel Opec are having an effect. The rand was slightly weaker, but the major catalysts this week are only expected in coming days. Brexit, as well as US-China trade talks, continue to dominate the spotlight. At 10am the all share had risen 0.09% to 57,829.1 points while the top 40 had risen 0.12%. Gold miners were up 2.25% and the resources index 1.03%. Banks had fallen 0.91% and general retailers 0.68%.
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