5pm market wrap
The JSE All Share closed 1.35% higher on Wednesday, as resource shares led gains and helped to offset 1.46% losses in gold miners.
The rand was trading at R13.87 to the US dollar, R16.74 to the British pound and R14.52 to the euro at 5pm.
Gold had given up 0.65% to sell at $1179.52 an ounce, while Brent crude had lost 1.38% to $54.18 a barrel.
On Asian markets, the Nikkei ended 0.33% higher. China’s Shanghai index closed 0.79% down and Hong Kong’s Hang Seng closed 0.84% higher.
European and UK markets were positive by close of trade in SA after news that Saudi Arabia may cut sales of crude oil to China and other southern Asian countries. The German DAX was gaining 0.25%, the French CAC40 rising 0.03%, and the British FTSE 100 advancing by 0.26%.
US markets were mixed as investors awaited remarks from new president Donald Trump which may provide insight into planned policies. The Dow Jones was up 0.22%, the S&P 500 gaining 0.08%, and the Nasdaq slipping 0.06% by 5pm SA time.
Share price news
On the top ten gainers list was Anglo American
(AGL), whose shares rose 5.43% to sell at R216.55 after 6,246,065 shares were exchanged in 10,460 deals today. Also on the list was Grindrod
(GND), whose shares climbed to R13.70 after 416 deals traded 603,696 shares, a boost in the share price of 4.34%.
(RLO) was amongst the biggest movers downwards, as shares slid 4.69% to R67.00 after investors bought and sold 501,843 shares in 798 deals. After 14,249 deals exchanged a total of 14,717,840 shares, MTN Group
(MTN) fell 4.13% to R128.37 by 5pm.
© 2017 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.