stocks inched higher on Friday as
The market was also closely watching developments in the platinum wage talks aimed at ending the crippling strike.
The Amcu trade leader said on Friday a wage deal with the top three platinum producers was imminent, signalling a possible end to a strike that has disrupted global output of the metal. "Until everything is signed, sealed and delivered with the strike you are going to see volatility," said
The Top40 index inched up 0.47 percent to 45 803, while the all-share gained 0.33 percent to close at 50 764.
The bourse brushed off the move by ratings agency Fitch to change its economic outlook to negative, citing poor prospects for economic growth and rising public debt. In a slow day of trading ahead of a bank holiday today, about 137 million shares changed hands, with 161 stocks advancing while 152 declined. - Reuters
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