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JSE closes weaker Wednesday

Xinhua, August 11, 2016 Adjust font size:

The Johannesburg Stock Exchange (JSE) tumbled on Wednesday, with losses across the board led by a 1.33 percent drop in resource shares.

The all share index closed 0.51 percent down at 218.61 points, with the blue-chip top 40 index losing 0.83 percent.

The resource complex put up a mixed performance, with platinum stocks responding to a higher platinum price that was in turn driven by a weaker dollar, but diversified miners lagged.

Among the banks, Standard Bank traded a solid 1.61 percent higher at R150.56, and Barclays Africa was off 0.45 percent at R161.77.

The South African rand was trading at R13.29 to the U.S. dollar, R17.27 to the British pound, and R14.85 to the euro. Enditem