The JSE Securities Exchange ended higher across the board on Monday on expectations that the U.S. Federal Reserve Bank will cut interest rates at its meeting next week. Resource stocks led the upside but gold counters toppled as the bullion price failed to improve on higher lease rates, which limits the amount of gold available for loans. Telecoms firm M-Cell, which owns mobile operator MTN, added 70 cents to R21,80 and Johnnic Holdings was 50 cents up at R64,50. Johnnic Communications shed R2 to R96 while Venfin, which holds a stake in mobile operator Vodacom, slipped off its earlier high of R19 to close 10 cents down at R18,80.
Prices are all in cents and in order of highest, lowest and average.
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