STOCKS ended firmer yesterday, led by metal and commodity stocks, breaking a downward trend on that sector following an overnight jump in metal prices.
By 5pm the JSE all- share index was 1.23% higher, with resources up 2.79%, gold miners adding 2.18% and platinum miners collecting 4.71%. Banks however, lost 0.39% and financials 0.14%, but industrials moved up 0.31%.
The rand was bid at R7.48/ from Monday’s R7.55/, g old was quoted at 1111.24/oz from 1087.89/oz and platinum was at 1560/oz from 1544/oz .
A dealer said: “We saw a jump in metal prices overnight which helped to turn local metal stocks around, along with a slew of positive international data. At long last the downward trend on commodities has been broken.” — I-Net Bridge
