Diversified miners and Naspers lead the JSE higher, with the all share pushing its winning streak to five consecutive weeks
12 April 2019 - 18:08The JSE closed higher on Friday, its fifth consecutive week of gains, with miners once again largely responsible for keeping the the local bourse positive.
The all share firmed 0.38% to 58,405.3 points with the top 40 rising by the same margin. Industrials added 0.61%, resources 0.45%, and food and drug retailers 1.7%. Gold miners fell 0.94%. The all share added 1.09% for the week, and is now up 10.75% in 2019. Brimstone slipped 2.63% to R9.25. Earlier, it confirmed it was exiting a consortium seeking to acquire Clover, SA’s largest dairy producer. The deal has been criticised by lobby groups due to the participation of an Israeli company.Diversified miner Glencore gained 2.05% to R60.36, Anglo American 0.49% to R402.32, and BHP 0.33% to R351.79.Shoprite gained 3.24% to R175.99 and Spar 1.69% to R201.73, while Pepkor fell 1.35% to R18.94.
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