5pm market wrap
On Tuesday, a climb of 3.41% in resource shares led gains on the local bourse, seeing the All Share close 1.35% higher.
At 5pm, the rand was trading at R13.63 to the US dollar, R16.55 to the British pound and R14.45 to the euro.
Brent crude tumbled 3.52% to $55.09 a barrel, while gold had risen 0.75% to sell at $1189.19 an ounce.
The Japanese Nikkei fell 0.79% today as the yen remained strong against the US dollar, and banks and exporters declined. Meanwhile, the Shanghai index lost 0.30%, and Hong Kong’s Hang Seng advanced 0.83%.
European markets were positive as commodity share gains offset losses in bank and utility shares. The German DAX was up 0.12%, the French CAC40 had gained 0.03% and the British FTSE 100 had advanced 0.38% by 5pm in SA.
At that time, US markets were down ahead of a speech by Donald Trump on Wednesday in which he is expected to articulate his policy preferences. The Dow Jones had slipped 0.15%, the S&P 500 was down 0.10% and the Nasdaq was virtually flat.
Share price news
On the top ten gainers list was Anglo American
(AGL), whose shares rose 7.20% to sell at R205.40 after 2,967,358 shares were exchanged in 5,695 deals today. Also on the list was Compagnie Financiere Richemont
(CFR), whose shares climbed to R95.50 after 5,710 deals traded 15,527,193 shares, a boost in the share price of 4.71%.
(WHL) was amongst the biggest movers downwards, as shares slid 3.97% to R66.20 after investors bought and sold 10,166,079 shares in 12,000 deals. After 169 deals exchanged a total of 1,387,525 shares, Alexander Forbes Group Holdings
(ASC) fell 3.01% to R7.40 by 5pm.
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