adminpercent in afternoon trade before bouncing back as the Dow fell after US Federal chairman Ben Bernanke’s much anticipated speech, to global monetary policymakers, failed to provide further stimulus for the US econ- omy.
By 17:00 local time, the JSE all-share index ended 0,26 percent higher at 29 425,05 points, led by a 0,97 percent recovery in banking shares and 0,64 percent rise in platinums while financials gained 0,61 percent.
Industrials picked up 0,37 percent but resource stocks slipped 0,09 percent and gold shares picked up 0,20 percent.
The rand gained some ground to R7,17/$ from R7,22/$ at JSE’s close on Thursday.
Gold climbed to US$1 779,40 a troy ounce from US$1 737,15 at the JSE’s previous close, while platinum was at US$1 819,50/oz, from US$1 814,50/oz previously.
“My sense is that investors have looked at the long-term economic picture, which was positive according to the speech.
“The negativity we are currently experiencing is just sentiment, not based on hard facts,” said Byron Lotter, portfolio manager at Vestact.
Dow Jones Newswires reported that US stocks rose in whipsawed trading on Friday as investors digested Bernanke’s measured remarks about the struggling economy.
The Dow Jones Industrial Average recently rose 71 points, or 0,6 percent, to 11,221 points, in choppy trading. – I-NET BRIDGE
Online Reporter
- Chronicle
- June 4, 2026
- 7 views
Bulawayo City Council cracks whip on illegal businesses
Peter Matika, [email protected] THE Bulawayo City Council has intensified its crackdown on illegal businesses and unsafe food trading operations following the discovery of 1,5 tonnes of rotten elephant meat at…
