JSE tracks Chinese markets stronger in illiquid holiday trade

21 December 2015 - 13:01 By Andrew Linder

The JSE was stronger in quiet early trade on Monday as the holiday season got into full swing. Platinum counters made the biggest gains‚ followed by gold shares‚ as their respective metal prices rose in Asian trade.Local financial and banking shares were also stronger‚ tracking late trade in China.At 9.17am‚ the JSE all share index was up 0.44% at 48‚930.7 points‚ with the platinum index leaping 3.94% following a rout in the sector last week. The gold index improved 1.45%.Banks added 0.77% and financials were up 0.4%. Resources added 1.11% as Anglo American regained some of its recent lost ground.At the same time the Shanghai composite index was 1.77% higher and Hong Kong’s Hang Seng had added 0.21%.In the platinum sector on the JSE‚ Anglo American Platinum was up 2.59% at R169.40‚ Impala added 4.99% to R24.40 and Northam soared 9.33% to R21.10.Among gold miners‚ Harmony made the most gains in its sector‚ up 5.7% to R14.65 and Sibanye rose 2.83% to R23.28.Anglo American gained 2.33% to R63.12 in the resources sector‚ while rival BHP Billiton tacked on 1.06% to R161.50.Exxaro fared worst among coal miners‚ falling 3.47% to R40.90.In the industrial sector Bidvest added 1.22% to R328.19‚ while pharmaceutical manufacturer Aspen gained 1.39% to R284.12.Illovo Sugar was down 4.37% to R15.31.Construction company Aveng slumped another 7.98% to R1.73. Its shares have come under immense pressure of late as the group struggles under a mountain of debt in a low-growth environment. Shares in the company have lost 89.54% in the year to date.Nedbank stood out in its sector‚ gaining 2.05% to R190‚ while Santam fared best among financial stocks‚ adding 2.34% to R190.99.Truworths rose 1.04% to R88. – TMG Digital/BDlive ..

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