News24 | Investment update | Why SA shares warrant cautious optimism

(Witthaya Prasongsin/Getty Images)

(Witthaya Prasongsin/Getty Images)

South African markets closed in the green yesterday, encouraged by gains in mining sector stocks.

Technology companies, Karooooo, Bytes Technology Group and Altron surged 6.2%, 3.3% and 2.6%, respectively. Platinum miners, Impala Platinum Holdings, Anglo American Platinum and Northam Platinum Holdings advanced 5.5%, 2.4% and 0.7%, respectively. Gold miners, Harmony Gold Mining, Sibanye Stillwater, DRD Gold and Gold Fields gained 5.1%, 4.8%, 2.4% and 1.3%, respectively.

Healthcare companies, Adcock Ingram Holdings, Life Healthcare Group Holdings and Netcare added 4.3%, 2.3% and 0.6%, respectively. On the flipside, retailers, Spar Group, Cashbuild, Shoprite and Woolworths Holdings shed 2.2%, 1.3%, 0.8% and 0.7%, respectively.

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