S. African stocks firm as global sentiment calms

Source: Xinhua| 2017-08-22 00:30:56|Editor: huaxia
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by Stanley Karombo

JOHANNESBURG, Aug. 21 (Xinhua) -- Share prices on the Johannesburg Stock Exchange (JSE) closed higher on Monday assisted in part by industrial and financial stocks.

The all share index was up 0.26 percent at 55,450.53 points at the close of the session, while the blue-chip top 40 index was 0.2 percent stronger at 49,029 points.

Financial shares were strong performers, with the financial index gaining 0.12 percent while the Industrial index was 0.11 percent higher.

The Resources index lifted 0.76 percent, but the Gold index lost 0.48 percent on profit-taking after strong gains last week. The gold price was 0.45 percent higher at 1 291.17 U.S. dollars an ounce, while platinum gained 0.58 percent to 983.61 dollars an ounce.

Investors are waiting the meeting to be held on Thursday between U.S. Federal Reserve chairwoman Janet Yellen and European Central Bank (ECB) president Mario Draghi.

Among individual stocks on the JSE, Sanlam was 1.89 percent higher at R70.15 and Barclays Africa was up 0.72 percent at R149.69.

Truworths rose 1.95 percent to R80.06 and TFG added 2.01 percent to R151.83.

Sasol, MTN and Steinhoff were among the busiest shares in the industrial sector. Sasol traded 0.57 percent stronger at R392.8 and MTN was 0.87 percent lower at R125. Steinhoff gained 0.73 percent to R64.11. Enditem