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Johannesburg - The JSE finished the week a tad firmer after trading most of the day in negative territory following a string of mixed economic data out of the US, Europe and China. Industrials were 288 points higher at the JSE close on Friday.
At 17:00 local time, the JSE all share index was up 0.09%, with industrials up 0.89%.
Banks were 0.94% weaker, and financials lost 0.57%, while gold miners, gave up 0.43%. Resources fell 0.41%, while platinum lost 0.16%.
The rand was trading at R6.92 to the dollar from R6.81 at the JSE's close on Thursday. Gold was quoted at $1 366.58 a troy ounce from $1 381.47/oz at the JSE's previous close, while platinum was at $1 811/oz from $1 814.50/oz before.
The trader said that the local bourse traded in negative territory for most of the day.
"There was a huge amount of data that came out today from the US, China and Europe. The rand has weakened. Coupled with the data, the rand has given the market a boost at the end of trade today," the trader said.
Dow Jones Newswires reported that US stocks fell on Friday as investors were disappointed by a smaller-than-expected gain in US retail sales for December while another round of tightening from China also weighed.
At 17:00 local time, the JSE all share index was up 0.09%, with industrials up 0.89%.
Banks were 0.94% weaker, and financials lost 0.57%, while gold miners, gave up 0.43%. Resources fell 0.41%, while platinum lost 0.16%.
The rand was trading at R6.92 to the dollar from R6.81 at the JSE's close on Thursday. Gold was quoted at $1 366.58 a troy ounce from $1 381.47/oz at the JSE's previous close, while platinum was at $1 811/oz from $1 814.50/oz before.
The trader said that the local bourse traded in negative territory for most of the day.
"There was a huge amount of data that came out today from the US, China and Europe. The rand has weakened. Coupled with the data, the rand has given the market a boost at the end of trade today," the trader said.
Dow Jones Newswires reported that US stocks fell on Friday as investors were disappointed by a smaller-than-expected gain in US retail sales for December while another round of tightening from China also weighed.
