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JSE edges higher on strong financials

Jul 30 2018 18:34
Barry Dumas, GT247.com

The JSE All-Share index traded firmer throughout the day on Monday, but only manage to close 0.26% higher, while the blue-chip JSE Top-40 index gained 0.20%.

While the Industrial index lost 0.06%, both Financials and Resources ended up on the day. Financials closed 1.05% stronger, while Resources ended Monday up 0.03%.

The rand strengthened throughout the trading sessio to the dollar, as the greenback weakend from its session highs. At 17:00, the rand was trading 0.12% firmer at R13.15/$

On the JSE top movers list we saw Lonmin [JSE:LON] among the day’s biggest movers closing 4.48% higher at R7.07 per share. Sibanye Gold [JSE:SGL] locked in some gains and moved higher by 6.21% to close at R 7.87 per share.

Raubex [JSE:RBX] was under pressure on Monday and closed 5.70% lower at R 19.85, while Tradehold [JSE:TDH] closed 2.53% down at R13.50 per share.

EOH Holdings [JSE:EOH] was down 2.30% to close at R 40.30 per share. 

Brent crude traded firmer throughout the day to reach a session high of $75.27 per barrel just after the JSE closed. 

At 17:00 gold was trading 0.16% down at $1224.50 per ounce, while platinum was unchanged at $831.00/Oz.

Palladium gained 0.53% to trade at $930.22/Oz.

Bitcoin traded weaker on the day, losing 0.83% to chnage hands at at $ 8160 a coin, while Ethereum was also down by -1.41 % to trade at $460.08 a coin. 

* The JSE market update is from GT247.com, an online broker and authorised financial services provider.

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