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The JSE closes lower Tuesday ahead of local gov't election

Xinhua, August 3, 2016 Adjust font size:

The Johannesburg Stock Exchange (JSE) dipped on Tuesday led by banks and broader financial stock as the recent momentum in the sector waned.

These dragged the R15.23-trillion all share index down 1.12 percent to 52, 532.76 points at close of trading session, with the blue-chip top-40 index losing 1.28 percent. Financial shares weight down the all share index with 1.65 percent loss.

The rand was trading at R13.96 to the US dollar, R18.56 to the British pound and R15.67 to the euro

Among some individual shares, Standard Bank was down 2.83 percent to R140.00.

MTN Group was off 4.12 percent to R132.53 and Naspers lost 1.56 percent to R2,135.75. Endit