Johannesburg - The JSE share market
closed higher on Friday amid light trading volumes‚ due to many
traders being away on a long weekend. Gold miners led the upside‚
while the financials index was the only one to finish in the red.
“The JSE did not have a busy day due
to a lot of traders being away on a long weekend. We opened lower as
Asia finished down a tad. We saw the euro a bit softer from the
previous two week’s rally. Locally Anglo American recovered nicely
after some fair sales earlier in the day. The all-share started down‚
but we were marginally up at the close after having seen some profit
taking after a good couple of days‚” said Michael du Plooy‚
stockbroker at PSG Konsult‚ Pretoria.
“The negative Chinese trade data
report put a bit of pressure on our market‚ with Chinese imports
and exports down. This will have a negative influence on our exports.
But we have not seen a big sell-off in our resources‚ so the data
did not affect the market much today‚” he added
World market’s were broadly lower
after the worse-than-anticipated China trade data for July triggered
some profit taking in so called growth or risky assets.
At 5pm local time the JSE Limited
[JSE:JSE] all-share index had gained 0.23% to 35 574.51 points‚
with financial the worst performing sector‚ down 0.14%‚ while
gold stocks gained 2.17%.
Among local movers‚ Anglo American
Limited [JSE:AGL] added R1.96 to R259.50‚ while Sasol Limited
[JSE:SOL] gave up R5.92‚ or 1.69%‚ to R344.88‚ after the
petrochemical giant late on Wednesday issued a trading update that
fell below analysts’ estimates. BHP Billiton [JSE:BIL] gained R1.37
to R253.06.
Among gold miners‚ AngloGold Ashanti
Limited [JSE:ANG] added R5.00‚ or 1.81%‚ to R281.00‚ Gold
Fields Limited [JSE:GFI] gained R3.32‚ or 3.04%‚ to R112.62 and
Harmony Gold Mining Company Limited [JSE:HAR] was up R1.21‚ or
1.49%‚ to R82.65.
Aquarius Platinum Limited [JSE:AQP] was
up 22 cents‚ or 4.73%‚ to R4.87.
In industrials‚ SABMiller [JSE:SAB]
was down R4.06‚ or 1.12%‚ to R357.87‚ while Richemont [JSE:CFR]
added 63 cents‚ or 1.26%‚ to R50.58.