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JSE continues rally on US data

Jan 03 2013 17:41
I-Net Bridge
 Johannesburg - The JSE continued its strong start to 2013 with another record close on Thursday.

After some profit-taking earlier in the day‚ the JSE moved higher in the afternoon after the US ADP employment data showed strong private sector jobs growth in December. The official non-farm payrolls data is due on Friday.

“We are ending higher on the back of the US data. The gain is not as big as on Wednesday‚ but it does give us positive momentum‚” a local equity trader said.

At 17:00‚ the All Share [JSE:J203] index was up 0.46% to 40 245.01.

Anglo American (AGL) shed 0.33% to R276.50‚ while fellow resource stock BHP Billiton (BIL) dropped 1.19% to R303.84‚ after both made big gains on Wednesday.

Platinum miner Aquarius (AQP) surged 14.02% to R9.35‚ while Impala Platinum (IMP) lost 1.65% to R167.

Vodacom (VOD) gained 2.38% to R129.20 and retailer Mr Price (MPC) added 2.94% to R144.12.

Luxury goods group Richemont (CFR) gained another 2.43% to R67.90.

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