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.


Source link

More from Matthew Eileen

Why this Kings Heath road has become one of the coolest in Birmingham

Kings Heath has perhaps basked in the shadows of Moseley’s long standing...
Read More