Industrials lift the JSE to new record high

Source: Xinhua| 2017-11-21 00:27:21|Editor: huaxia
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JOHANNESBURG, Nov. 20 (Xinhua) -- The Johannesburg Stock Exchange (JSE) closed higher on Monday, lifted by industrial shares.

The Industrial index traded to another all-time high. The Industrial index was 1.62 percent higher at 93,619.34 points, resources lost 0.97 percent, and financial index lost 0.34 percent at close of trading.

The all share index was up 0.62 percent on a new record at 60,500.61 points by close of session, while the blue-chip top 40 index gained 0.78 percent to a record 54,327.42 points.

Naspers was one of the best performers. Its rally is mostly buoyed by Chinese internet company Tencent, in which it owns about a third. Naspers is the biggest company in Africa, with a market value of just more than R1.7 trillion. Its shares rose 3.9 percent to R3,995.01.

Mr Price added 3.68 percent to R201.99, Truworths 3.5 percent to R75.97 and Spar 1.5 percent to R191.70.

Vodacom dropped 3.26 percent to R147.43, MTN 1.59 percent to R129.41 and Telkom 1.65 percent to R47.16.

Mediclinic lost 2.16 to R101.75, after dropping its takeover bid for its London-listed associate, Spire Healthcare. Netcare relinquished 2.78 to R22.36, after reporting a net loss of R2.7 billion in the year to end-September.

Investment group Reinet lost 1.42 to R29.87 and Brait 4.23 percent to R42.1.

BHP tumbled 1.13 percent to R251, while Kumba Iron Ore added 1.16 percent to R297.17.

Among the banks Standard Bank declined 0.3 percent to R166.06 and FirstRand was 0.71 percent lower at R54.34. Sanlam traded 0.99 higher on a 52-week high of R76.2. Enditem

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