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MARKET WRAP: JSE closes higher despite US-China strife

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The all share was up 0.88% with resources leading the gains, up 1.08%; the top 40 rose 0.97%

The JSE closed higher on Thursday, with global markets undeterred by the continued tit-for-tat trade-tariff battle between the US and China.

Global markets shrugged off anxiety about the trade conflict on Thursday, however, with most gaining. Gold miners fell on the day with AngloGold Ashanti leading the losses, down 3.57% to R163.22. Sibanye-Stillwater dropped 3.19% to R11.52, Gold Fields 2.33% to R52.71, and Harmony Gold 2.79% to R22.26.

ICT group Datatec was up 0.47% to R32.15 after the company reported headline earnings of $1.6m for the year ended February, from a $41.3m loss in the previous year.

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