There were a few corporate releases to give the market direction on Friday morning, with banks and retailers pushing higher despite rand weakness overnight
The JSE brushed off a weaker rand and pushed higher on Friday, in line with healthy gains on Asian markets.
At 10am Naspers was flat, however. This was inline with its main asset Tencent, which was failing to benefit from the rally. Gold was down 0.32% to $1,309.08/oz and platinum 0.33% to $868.95. Brent crude was 0.63% higher at $66.80 a barrel.African Rainbow Minerals was flat at R167.71. It earlier declared a dividend of R4 for the six months to end-December, up from the R2.50 it declared in the prior comparative period.
British American Tobacco rebounded 1.81% to R521.09 . It fell 1.59% on Thursday, despite having said that adjusted revenue grew 3.5% in the year to end-December, while adjusted earnings per share grew 11.8% year on year.Distell was up 2.5% to R123, having earlier reported that headline earnings rose 12.1% in the six months to end-December, while net cash generated from operations grew 35.8% when compared to the corresponding period in 2017.
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