SA stocks
SA stocks

The Johannesburg Stock Exchange (JSE) closed firmer on Monday as banking and property stocks were buoyed by risk-on sentiment, despite a weaker local currency.

The local bourse was buoyed by U.S. job market which reported that employers added 162,000 jobs in April, fewer than the 192,000 expected by economists in a Trading Economics consensus forecast. According to the media, the U.S. reported a 3.9 percent unemployment rate in April — the lowest level in more than a decade.

The local unit traded mostly flat. The local currency slid to a session low of R12.66 to the U.S. dollar before rebounding to trade at 12.53 to the U.S. dollar at 17.00 (CAT).

At 5.30 p.m. the all share was 0.4 higher at 57,880.72 points and the top 40 gained 0.54 percent. Banks rose 0.74 percent, financials 0.53 percent, property 0.87 percent and general retailers 0.35 percent. The gold index shed 2.36 percent and the platinum index 2.43 percent.

Sibanye-Stillwater was down 7.69 to R9.97 after seven workers were killed at the group’s Masakhane mine.

Anglo American Platinum was up 1.1 percent to R357.88, but Lonmin slipped 5.01 percent to R9.67.

Naspers slipped 0.52 percent to R3,035. Enditem

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