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JSE edges higher on strong financials

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.

* SUBSCRIBE FOR FREE UPDATE: Get Fin24's top morning business news and opinions in your inbox.

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Rand - Dollar
19.29
-0.7%
Rand - Pound
23.87
-1.1%
Rand - Euro
20.58
-1.2%
Rand - Aus dollar
12.38
-1.1%
Rand - Yen
0.12
-1.2%
Platinum
943.50
+0.0%
Palladium
1,034.50
-0.1%
Gold
2,391.84
+0.0%
Silver
28.68
+0.0%
Brent Crude
87.29
+0.2%
Top 40
67,314
+0.2%
All Share
73,364
+0.1%
Resource 10
63,285
-0.0%
Industrial 25
98,701
+0.3%
Financial 15
15,499
+0.1%
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