Re­tail­ers lift JSE on strong sales data

The Star Early Edition - - PRICES -

STOCKS inched into the black yesterday, lifted by re­tail­ers on strong sales data.

The bench­mark JSE Top40 in­dex rose 0.15 per­cent to 46 113.55 points, while the broader all share in­dex ad­vanced 0.22 per­cent to 52 933.28 points.

Con­sumer goods firm Tiger Brands was the big­gest gainer among the blue chips, fol­lowed by re­tailer Wool­worths Hold­ings, af­ter the sta­tis­tics agency re­leased bet­ter than ex­pected re­tail sales for Novem­ber. Tiger Brands were up 3.57 per­cent

at R406.90 and Wool­worths gained 2.64 per­cent to R73.40.

Sho­prite ad­vanced 2.13 per­cent to R180.26, sup­ported by pos­i­tive sen­ti­ment af­ter ear­lier re­port­ing a 14 per­cent rise in half-year sales, said In­de­pen­dent Se­cu­ri­ties trader, Ryan Woods.

“The mar­ket liked Sho­prite’s trad­ing up­date and in­vestors see some long term po­ten­tial in Wool­worths,” he said.

Impala Plat­inum inched up 0.41 per­cent to R49.50. The com­pany had shut one of the 11 shafts at its Rusten­burg mine af­ter one worker died in a rock fall yesterday, a com­pany spokesman said.

Trad­ing on the bourse was be­low par with 244 mil­lion shares chang­ing hands, com­pared with the last year’s daily av­er­age of 296 mil­lion.

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