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S. African Stocks Hold Above 56,000-point Psychological Barrier
 

Share prices on the Johannesburg Stock Exchange (JSE) closed higher on Wednesday, breaking the psychological 56,000-point barrier.

The all share was up 0.23 percent to 56,162.3 points, assisted largely by industrial stocks which gained 0.61 percent. Financial stocks and retailers rallied, assisted largely by the ease of domestic inflation.

Headline inflation eased to an annual rate of 4.6 percent in July from 5.1 percent in June, according to data released on Wednesday by Statistics South Africa.

The South Africa's inflation profile stays within the Reserve Bank's 3 percent to 6 percent target range.
Gold stocks declined 0.66 percent as well as platinum miners, dropped 1.41 percent.

On the JSE, Mr Price was up 0.55 percent to R184 and Steinhoff gained 1.06 percent to R66.07.

Sanlam was up 1 percent to R70.76 and Discovery gained 1.37 percent to R146.22.

Investment group PSG Group was up 2.84 percent to R268.4 and Brait gained 1.69 percent to R60.07.

Impala Platinum was off 1.89 percent to R37.85 and Northam Platinum lost 2.97 percent to R43.05. Sasol lost 0.77 percent to R380.97.


(www.chinaview.cn 2017-08-24)
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