OWN CORRESPONDENT, Johannesburg | Monday 4.50pm
THE Johannesburg Stock Exchange closed firmer on Monday on fresh appetite for resource stocks following their recent sharp losses.
At close of trade the all share index was up 0,22% at 8014. Interest in mining giant Anglo American Plc ahead of its results on Wednesday and shift into rand-hedge stocks on the back of a weaker rand also inspires market higher.
Shares in market heavyweight Anglo finished up 1,33% at R304, pushing the heavyweight Alsi40 up 0,29%. The resources counter outperformed the overall market, up 0,96%.
The all gold index also showed some good cheer, rising 1,13% to 1160 as bullion price bounced off Friday’s seven-week lows ahead of Britain’s fifth gold auction on Tuesday.
Total market turnover at a subdued R1,5-billion ahead of Tuesday’s public holiday. Market seen taking some direction from world markets when trade resumes on Wednesday when the US Federal Open Market Committee meeting will be out of the way. — Reuters