Bourse edges up on higher oil prices

Top movers Graph of the day

FTSE/JSE Africa Index Series

THE BOURSE edged up yesterday on higher global oil prices.

The JSE Top40 index gained 0.4 percent to 43 985.37 points and the broader all share index was 0.25 percent higher at 49 491.69 points.

Sasol was among the biggest gainers as oil prices edged further above $46 (R623) a barrel. which makes fuel from coal and gas, gained 2.01 percent to R422.15. Other advancers included

which gained 2 percent to R9.18, as South African first quarter steel imports jumped 53 percent quarter on quarter amid a Chinese glut.

advanced 8.05 percent to

Mittal,

Lonmin

Sasol,

Arcelor-

R4.70, the most since August 21, ending three days of declines.

surged 6.67 percent to R0.80. It said the completion of the Traxys acquisition had been postponed. added 0.78 percent to R40.05.

to

Metmar

Old Mutual

Spar Group

R183.35,

its

Mr Price Shoprite

declined 2.65 percent lowest since June 26.

ended 2.09 percent

Trans Hex Group

down at R2.34.

Retailers featured on the decliners’ list on worries about consumer spending. fell 2.2 percent to R200 and declined 1.16 percent to close the session at R157.

Trade was robust with more than 220 million shares changing hands, well below last year’s daily average.