Johannesburg – The JSE closed at a record high on Monday‚ despite some profit taking in some sectors during the day.
The bourse was bolstered by renewed optimism in US markets‚ which in turn put some pressure on the gold sector.
Locally banking and financial counters made gains while gold miners were the main laggards due to continued labour woes in the sector and the US market sentiment.
At 17:00‚ the All Share [JSE:J203] index closed 0.20% higher 40 618.32 points‚ with the Top 40 - (Tradeable) [JSE:J200] adding 0.26% to 36 157.58 points‚ while the gold index gave back 0.98%.
Elsewhere, European bourses inched higher with the London FTSE 100 improving 0.35% by 17:00. The Dow opened the week modestly higher after construction and mining-equipment maker Caterpillar reported fourth-quarter earnings and revenue that exceeded analyst estimates.
A US report on orders for long-lasting consumer goods also came in better than forecast‚ Dow Jones Newswires reported. At 17:48 local time the Dow Jones Industrial Average had dipped 0.11% to 13 910 points. The Dow notched a sixth-straight gain on Friday‚ ending with its highest closing level since October 31 2007.
“We saw some renewed buying into banks‚ while rand hedge stocks continued to benefit from a weaker rand‚” a local trader said.
On the JSE‚ Northam Platinum (NHM) lost 1.37% to R36 and Aquarius Platinum (AQP) gave up 1.54% to R9.60.
Gold miner Harmony (HAR) shed 3.42% to R62.05 and Anglogold Ashanti (ANG) dipped 1.32% to R248.09.
Rand hedges SABMiller (SAB) added 1.46% to R438.30‚ British American Tobacco (BTI) lifted 1.07% to R463.89 and Compagnie Richemont (CFR) was 0.98% higher at R75.39
Standard Bank (SBK) was up 1.31% at R118.75‚ Old Mutual PLC (OML) gained 1.08% to R27.02 and Santam (SNT) added 2.41% at R185.87.
Group Five (GRF) closed unchanged at R31.50 after it said on Monday it anticipated fully diluted headline earnings per share in the six months ended December to be between 10%-20% higher from the same period a year earlier. Aveng (AEG) gained 2.36% to R29.95.
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