S. African stocks down for second consecutive day
Xinhua, September 28, 2016 Adjust font size:
The Johannesburg Stock Exchange (JSE) closed lower for a second consecutive day Tuesday.
The all-share index was off 1.13 percent at 50,899.66 points, with the top 40 shedding 1.26 percent. Gold mining shares led losses on the local bourse. Gold dipped 0.8 percent to sell at 1326.58 U.S. dollars an ounce.
A U.S. dollar costs R13.52, a British pound costs R17.50, and a euro costs R15.12 at close of session.
The financial index on the JSE closed 1.11 percent lower, while the industrial index was down 1.04 percent.
Among global miners, African Rainbow Minerals lost 2.41 percent to R78. Impala Platinum shed 3.22 percent to R65.87.
Global luxury goods group Richemont gave up 2.59 percent to R81.32, while Capitec Bank Holding gained 0.78 percent to R609.00.
Resources shares were also lower and the Resources index shed 1.94 percent. Sasol, the biggest oil share on the JSE, lost 1.62 percent to R363.68 while BHP Billiton, which also has oil and gas interests, traded 2.16 percent softer at R189.10.
Financial services group MMI Holdings slid 3.77 percent to R23.22 and Sanlam slipped 2.64 percent to R62.61. MTN Group was off 3.41 percent at R119.77. Endit