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JSE strengthens nearly 1% on back of strong financial and resources stocks

  • JSE nearly 1% higher just before closing time
  • Financials (+0.76%) and Resources (+0.91%) were the best performers
  • Gold Mining held the All Share Index back with its 2.76% drop

A few minutes before closing on Thursday time the JSE was trading slightly short of 1% higher. This came after strong performances from the Financial and Resources sectors, but was hampered by a poor performance from the Gold Mining sector.

The index opened at 56 184 this morning and at one stage dropped to 55 957. After that it started to strengthen and at press time it was trading 542.77 points or 0.97% higher at 56 856.

Financials strengthened 0.76% today, while Resources are trading 0.91% higher. Gold Mining, however, fell by 2.76%. The best individual performance came from Kumba Iron Ore Ltd (JSE: KIO), which is 5.21% up for the day.