S. Africa's JSE closes firmer buoyed by industrial stocks, banks

Source: Xinhua| 2017-11-18 00:13:41|Editor: huaxia
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JOHANNESBURG, Nov. 17 (Xinhua) -- The Johannesburg Stock Exchange (JSE) closed stronger at the close of session on Friday, buoyed mainly by industrial stocks and banks, but the resources were eased.

The all-share was up 0.97 percent to 60,128.14 points, while the blue-chip top 40 index was 0.99 percent stronger at 53,909.148 points. The industrials and banks gained 1.4 percent and 2.76 percent, respectively.

The local unit firmed, assisting the financial index to gain 1.3 percent, but the Resources index slipped 0.59 percent as the South African rand traded at R14.04 to the U.S. dollar at the close of the session. The dollar weakened amid media news that top officials from President Donald Trump's election campaign had been subpoenaed in a Russia probe.

The South African rand rallied on Friday amid news that Zimbabwe's long-standing president may cede power to the military.

Woolworths advanced 2.27 percent to settle at R54.93, Truworths 3.28 percent to R71.81, and TFG 4.88 percent to R145.79.

Mr Price gained 1.21 percent to R194.82 and Pick n Pay 1.73 percent to R61.04.

Standard bank added 2.2 percent to R966.56, Sanlam 3 percent to R75.45.

Investment group Remgro was up 2.34 percent to R209.29 and PSG Group 1.61 percent to R261.61.

Healthcare stocks were mostly stronger, with Mediclinic lost 4.98 percent to R104 and Netcare 0.22 percent to R23.

Anglo American lost 1.15 percent to R265.90 and BHP 1 percent to R253.52. Richemont was off 2.57 percent to R122. Enditem