JSE ends day lower as Naspers weakens on Tencent

The Dow was 0.55% up at the JSE’s close.

Higher oil prices failed to lift commodities. Brent crude rose 0.5% to $78.57 a barrel amid supply concerns in the US and the North Sea.

The platinum price dropped 1.3% to $837.25.

The all share closed 0.33% lower at 58‚027.10 points and the top 40 dropped 0.38%. General retailers lost 1.76%‚ banks 1.2%‚ financials 0.74% and platinums 0.69%. The gold index gained 0.16%‚ resources 0.15% and property 0.14%.

Sasol rose 1.03% to R519.65 and Kumba Iron Ore 2.34% to R321.76.

Anheuser-Busch InBev lost 0.71% to R1‚385.84.

Standard Bank was 1.46% lower at R194.91.

The rand was at R13.3513 to the dollar at the JSE’s close with the euro at $1.1726 from $1.175.

Local bonds lost ground‚ with the R186 bid at 8.680% from 8.615%. The US 10-year treasury was at 2.8615% from 2.8598%.

The top 40 Alsi futures index dropped 0.78% to 51‚806 points. The number of contracts traded was 21‚050 from Monday’s 18‚971.


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