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JSE closes in red as resources lead losses

Xinhua, June 1, 2016 Adjust font size:

The Johannesburg Stock Exchange (JSE) closed in red on Tuesday as resources led losses.

The all-share index was 1.04 percent lower at 53,905.21 points at the close of trading session, with blue chip top 40 index losing 0.98 percent.

Traders nibbled away at the banks and industrial stocks, helping to push internet and video internet group Naspers to record intraday highs. The Financial Index was 1.18 percent lower and banking Index lost 1.03.

At the close of session, the rand had weakened against the major currencies, with a US dollar costing R15.72, a British pound costing R22.83 and a euro costing R17.49.

S&P Global Ratings, and possibly also Fitch Ratings, will announce the outcome of the country's credit-rating review on Friday.

Among some individual shares, BHP Billiton fell 3.60 percent to R1 89.81 and AngloGold Ashanti was also down 1.66 percent to R210.10. British American Tobacco was up 0.71 percent to R969.90. Endit