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JSE closes in red

Xinhua, June 9, 2016 Adjust font size:

The Johannesburg Stock Exchange (JSE) extended its losses on Wednesday.

The JSE all share tumbled 0.64 percent to 53,960.18 points, with losses across the board led by a 1.64 percent drop in financial shares, offsetting a 3.36 percent gain in gold mining stocks.

Banks and broader financial stocks were notable losers in what could be described as a "buy the rumour and sell the fact" session.

Gold, however, had risen 1.40 percent to sell at 1260.60 U.S. dollars an ounce.

African Rainbow Minerals on of the top ten gainers list, whose shares gained 5.95 percent to sell at R89.00 after 593,331 shares were exchanged in 1,176 deals on Wednesday.

The rand was trading at 14.72 to the dollar, 21.37 to the British pound and 16.75 to the euro. Endit