Markets close firmer, but banks remain under strain

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
The new JSE logo. (Supplied)
The new JSE logo. (Supplied)

Cape Town - South African markets ended firmer, supported by rand-hedges, while banks and retailers remained under pressure as investors review the implications of the most recent credit ratings downgrade. 

At the close of the JSE the rand had weakened by 1.5% to R13.93, supporting local commodity shares. 

The blue-chip JSE Top 40 climbed 0.73% whilst the broader All Share Index firmed 0.54% - carried by rand hedges and diversified miners. The Resources Index rose 1.6% and the Industrial Index firmed 0.39%. The Financial Index emerged marginally higher with a 0.04% positive move.  Weak precious metal prices saw the JSE Gold Index close 3.01% lower.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.00
+0.3%
Rand - Pound
19.80
+0.2%
Rand - Euro
17.01
+0.2%
Rand - Aus dollar
10.97
+0.2%
Rand - Yen
0.13
+0.2%
Gold
1,837.73
+0.1%
Silver
27.63
+1.2%
Palladium
2,947.04
-0.5%
Platinum
1,240.64
-0.8%
Brent Crude
68.32
+0.1%
Top 40
61,320
-1.7%
All Share
67,241
-1.7%
Resource 10
70,627
-2.1%
Industrial 25
84,184
-1.7%
Financial 15
12,659
-0.6%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1411 votes
No, I did not.
52% - 3535 votes
My landlord refused
27% - 1875 votes
Vote