S. African stocks close higher as commodity prices steadies

Source: Xinhua| 2017-05-23 00:15:29|Editor: yan
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by Stanley Karombo

JOHANNESBURG, May 22 (Xinhua) -- The Johannesburg Stock Exchange (JSE) closed in positive territory on Monday buoyed by commodity prices.

The all share index was up 0.16 percent to 54,517.06 points as industrial stocks added 0.43 percent.

Last week, global investors were a bit jittery about the U.S. President Donald Trump's fiscal stimulus and the political situation the United States. The political situation has since subsided.

Among stocks on the JSE, Naspers was up 1.9 percent to R2, 796 with Tiger Brands rose 2.57 percent to R400.

Kumba regained 2.61 percent to R167.25 that was buoyed by the iron ore spot price at about 60 U.S. dollars per tonne. Gold Fields gained 0.74 percent to R51.72, but Lonmin lost 3.52 percent to R17.

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