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S. African stocks close lower Monday

Xinhua, September 27, 2016 Adjust font size:

The Johannesburg Stock Exchange (JSE) closed lower on Monday following retreat seen across the global markets.

The all share index was down one percent to 51,479.8 points at close of session -- the worst monthly performance since June when Britain opted to leave the EU.

The losses on the JSE were all across the board, with gold mining shares leading the downward trend with a 2.01-percent decrease.

The rand was trading at R13.63 to the U.S. dollar, R17.67 to the British pound and R15.37 to the euro.

The R15.2-trillion all share has had a tough month, having fallen nearly 3 percent, dragged down in part by the rand strengthening 7 percent against the dollar.

Precious metals were mixed, with gold rising 0.15 percent to sell at 1340.7 U.S. dollars an ounce, silver declining 0.1 percent to 19.63 dollars an ounce, and platinum giving up 0.57 percent to sell at 1042.5 dollars an ounce.

Standard Bank lost 1.42 percent to R142.40 and FirstRand was down 2.23 percent to R47.71. Sanlam was 0.28 percent off at R64.31. Endit