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MARKET WRAP: JSE pushes higher, led by platinums

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Both global and local events were positive for the local bourse this week, with the all share only closing lower on Thursday

The JSE pushed higher on Friday, capping its best week since February.

Progress in US-China trade talks as well as positive Chinese data also lifted sentiment. On Thursday, US President Donald Trump said a trade deal with China was about four weeks away, although he did not announce a date for a summit with Chinese President Xi Jinping, reported Dow Jones Newswires. The all share rose 0.11% to 57,776.4 points and the top 40 gained 0.13%. Platinums added 1.22%, gold miners 1.41% and general retailers 0.75%.The rand had its best week since January, boosted by Moody’s decision and investor interest in emerging-market currencies.Attention is now likely to turn increasingly towards the upcoming general election in early May, said Nedbank Corporate and Investment Banking strategist Mehul Daya.

Shortly after the JSE closed the Dow was up 0.14% to 26,416 points, while in Europe, the FTSE 100 had gained 0.64%, the CAC 40 0.3% and the DAX 30 0.14%.

 

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