The JSE rose on Friday morning, led by a recovery in the resources index despite the gold price edging towards its worst level since December 2018. Gold, which has lost ground this week, was marginally lower at $1,269.71/oz as the dollar strengthened, while platinum gained 0.43% to $853.47. The JSE’s resource 10 index was 1.48% higher, pushing the all share index 0.85% up to 59,244.9 points. The blue-chip top 40 index rose 0.94%. Sibanye led gains among mining stocks, adding 2.48% to R12.82. Assore, AngloGold Ashanti, African Rainbow Minerals, Northam Platinum and Anglo American also rose. JSE-heavyweight Naspers gained 0.78% to R3,719.77 — close to its best level since November 2017 — even though its main investment, Tencent, fell in Hong Kong.  MTN, which announced on Friday that Mcebisi Jonas would take over as chair from Phuthuma Nhleko in December, rose the most among the top 40 stocks, gaining 2.53% to R106.12. The network operator also said it would create an international ad...

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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now