Cape Town - Monday was another good day for the rand and SA markets.
The local currency firmed to R13.61 against the greenback, despite uncertainty around the outcome of the ANC's succession race and the US Senate’s push to finalise a tax bill that President Donald Trump could sign into law before the end of the year.
On the JSE, the All-Share index gained 0.27% while the blue-chip Top40 added 0.36%. Financials again closed in the green, gaining 0.18%, while Industrials recovered slightly from Friday, ending the day up 0.60%.
These gains were, however, countered by resource stocks, which dropped by 0.57% with the gold miners falling by 3.29%.
Gold, meanwhile, was trading at $1277 per ounce when the local bourse closed.
Brent Crude Oil weakened Monday to trade at $62.86 per barrel following data that showed US shale drillers had added more rigs.
Steinhoff International Holdings [JSE:SNH] was the major loser on the day after the firm released an announcement stating that an unaudited form of its consolidated financial statements will be released on December 6.
The firm's supervisory board and auditors have not yet finalised their review of circumstances regarding a criminal and tax investigation in Germany.
"No additional information came to light to change the previous views expressed regarding the investigation. The Company expects to publish the audited 2017 consolidated financial statements before 31 January 2018," it said.
Steinhoff ended the day down almost 10%.
READ: Investors dump Steinhoff on CEO fraud report
It was a mixed day for global indices, with Australia’s ASX & China’s Shanghai Composite closing down, whilst the Hang Seng finished the day positive.
In Europe, markets clawed back some of their losses from Friday with the DAX, CAC & FTSE all positive at the time of writing. In the US the S&P 500 and the Dow 30 opened firmer and the Nasdaq marginally weaker.
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