The JSE rose on Wednesday, with gains by miners offsetting losses by banks, as British political chaos pushed investors towards safe-haven assets.
The all share gained 0.23% to 55,829.1 points and the top 40 0.24%. Gold miners added 2.24% and platinums 1.14%. General retailers lost 2.26% and banks 1.63%. Local news was downbeat. A business confidence index, compiled quarterly by Rand Merchant Bank and Stellenbosch University’s Bureau for Economic Research, fell three points to 28 in the first quarter of 2019 — a two-year low.
Libstar jumped 10.28% to R7.83. It earlier declared a maiden cash dividend of 22c a share for the year to end-December. After-tax profit in 2018 edged up 1% to R236m compared to the same period in 2017.
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