JSE closes in red, led by losses in resources
Xinhua, July 6, 2016 Adjust font size:
Shares on the Johannesburg Stock Exchange (JSE) tumbled at the close of trading session on Tuesday, following its global markets counterparts.
The all share index was off 1.49 percent to 51,988.80 at close of session ending a five-session winning streak. Resources shares led losses by 2.16 percent.
Gold had lost 0.23 percent to 1345.06 dollars an ounce.
The rand was trading stronger at R14.79 to the U.S. dollar, R19.32 to the British pound and R16.48 to the euro at 5:00 pm local time.
Stock losses were spread across most sectors on the JSE, with Anglo American shedding 4.26 percent to R 142.56, with Exxaro dropping 4.18 percent to R68.99.
But British American Tobacco gained 1.38 percent to R 964.11 while Imperial Holdings gave up 2.28 percent to R145.87.
Standard bank was off 1.98 percent to R 12377, with Samlam slipping 1.90 percent to R 58.96.
Among the top ten gainers list was Niveus Investments, whose shares rose 8.89 percent to sell at R24.50 after 221,829 shares were exchanged in 51 deals Tuesday. Also on the list was Nvest Financial Holdings, whose shares climbed to R3.00 after 7 deals traded 91,500 shares, a boost in the share price of 7.14 percent. Endit