Exxaro Resources, African Rainbow Minerals, Merafe Resources and Kumba Iron Ore surged 6.1%, 4.4%, 2.2% and 1.9%, respectively. On the flipside, platinum miners Impala Platinum Holdings and Northam Platinum edged down 4.2% and 2.0%, respectively. Gold miners Sibanye Stillwater and Gold Fields declined 1.0% and 0.8%, respectively. The JSE All Share index marginally advanced to close at 75,520.38. . In the US, the consumer price inflation rose more than expected in March.
The UK market finished firmer yesterday, helped by gains in Tesco. Tesco gained 3.3%, after the company reported an increase in in annual profits and volumes, with surging pre-tax profits. Moreover, the company anticipates a further increase in profits, citing early indications of improving consumer sentiment. Peer J Sainsbury added 0.9%.
Food companies Conagra Brands, General Mills and Mondelez International declined 2.2%, 1.9% and 1.7%, respectively. In Japan, e-commerce company Mercari has declined 2.8% Electric services company, Osaka Gas Co. has added 3.6%.
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