South African Stocks Up On Platinum Rebound

Reuters reported South Africa’s benchmark index rose 0.9 percent on Friday as recovery in the platinum price prompted a rebound.

As quoted in the market news:

Platinum producers were the biggest gainers, helped by a recovery in the price of the metal, which has been sold off in the last few sessions. During the session platinum rose as high as $1,640 an ounce, an increase of 1.3 percent.

Click here to read the full Reuters report.