South African stocks close weaker, with losses in gold mining and resource

The Johannesburg Stock Exchange (JSE) closed weaker on Monday, breaking the seven-day session which delivered a gain of just more than 4 percent.

The R15.35-trillion all-share index was off 0.08 percent to 53,046.31 points at close of session as dealers cashed in on the recent gains, particularly in resource space. The blue-chip to 40 index tumbled 0.05 percent.

On Monday, losses in gold mining and resource shares weighed on the local bourse, offsetting gains in financial and industrial shares.

Financial index was up 034 percent, while the Resource shares tumbled 0.99 percent and Industrial index climpbed 0.10 percent.

A U.S. dollar cost R14.27, a British pound cost R18.92, and a euro cost R15.79 at 5:00 p.m. local time (CAT).

But the value of the trading volumes was relatively light, indicating a low level of investor participation.

Last week trading hit 53,000, but was week on Monday indicating investors trading were still reflecting on the after effect of Brexit vote on June 23.

Kumba Iron Ore dropped 3.11 percent to R130.49 and Exxaro lost 2.84 percent to R80.64.

Standard Bank was up 1.17 percent to R132.81. Investec Australia Property Fund slid 4.23 percent to R13.80.

Amongst the movers up was Tawana Resources whose shares rose 63.64 percent to sell at R1.08. Endit