Bar­gain chasers break JSE los­ing streak

The Star Early Edition - - PRICES - Reuters Tru­worths Telkom SABMiller AngloGold Ashanti Gold Fields

STOCKS ended slightly higher yes­ter­day, break­ing three con­sec­u­tive days of losses as in­vestors chased after bar­gains but a softer gold price hit min­ing shares.

The blue chip Top40 in­dex gained 0.35 per­cent to 44 910.17 points and the broader all share in­dex added 0.4 per­cent to 50 557.83.

Tru­worths fea­tured among the top gain­ers after the ap­parel re­tailer un­veiled a deal to ex­pand fur­ther in the up­mar­ket chil­dren’s cloth­ing mar­ket.

shares jumped 3.25 per­cent to R75.52, their big­gest daily per­cent­age gain in more than three months.

Over­all, in­vestors picked up stocks deemed to have strayed into over­sold ter­ri­tory fol­low­ing re­cent sharp losses, Ferdi Heyneke, a port­fo­lio man­ager at Afrifo­cus Se­cu­ri­ties, said.

climbed 4.05 per­cent to R68.40, re­coup­ing all the losses suf­fered in the past five ses­sions.

was up 0.31 per­cent to R610.78 after the brewer said it would team up with Coca-Cola to bot­tle and dis­trib­ute fizzy drinks in Africa. Track­ing a softer gold price, fell 1.17 per­cent

dropped to R106.07 and 2.07 per­cent to R48.76.

Trade was slightly be­low av­er­age, with 167 mil­lion shares chang­ing hands yes­ter­day.

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