Bourse higher, buoyed by min­ing firms

The Star Early Edition - - PRICES -

STOCKS closed in the black yes­ter­day, lifted for a sec­ond day by large min­ing com­pa­nies An­glo Amer­i­can and BHP Bil­li­ton.

The bench­mark JSE Top40 in­dex was up 1.61 per­cent at 45 745.62 points, while the broader all share in­dex ad­vanced 1.35 per­cent to 52 437.91 points.

An­glo Amer­i­can was the big­gest gainer among the blue chips. The diver­si­fied min­ing firm climbed 5.43 per­cent to R216.55, scal­ing a onemonth high of R217.82 in in­tra-day trad­ing. BHP Bil­li­ton gained 3.49 per­cent to close at R239.68. Im­pala Plat­inum (Im­plats) inched up 0.72 per­cent to R47.86. The firm said yes­ter­day it planned to sell its chrome busi­ness to fo­cus on its core busi­ness.

Im­plats has a 65 per­cent in­ter­est in Im­pala Chrome and planned to dis­pose of it, the com­pany said in a news­pa­per ad­ver­tise­ment this week invit­ing po­ten­tial pur­chasers.

Trad­ing was be­low par with 201 mil­lion shares chang­ing hands com­pared to the last year’s daily av­er­age of 296 mil­lion, ac­cord­ing to pre­lim­i­nary bourse data.

Mean­while, Wall Street shares rose in the af­ter­noon ahead of a news con­fer­ence by US Pres­i­dent-elect Don­ald Trump, in which he was ex­pected to pro­vide more de­tails about his plans.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.