The JSE closed firmer on Thursday, in line with most global markets, as progress in the US-China trade war lifted sentiment.
“In order for risk sentiment to push significantly higher, markets will need to be shown material signs that US and China are indeed drawing closer to a meaningful and lasting trade deal,” Tan said. Locally, SA's current-account deficit deteriorated to 4% in the second quarter of 2019 from 2.9% in the first quarter.
Gold was down 2.2% to $1,518.23/oz and platinum 2.67% to $960.75. Brent crude was up 2.6% to $62.06 a barrel. Sanlam added 2.75% to R73.87. The company said on Thursday that its diluted headline earnings per share fell 32% to 169c in the six months to end-June. MAS Real Estate jumped 20.79% to R19 after the company said on Thursday that its distributable earnings per share increased 41.9% in the year to end-June.
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