S. Africa stocks close weaker Wednesday
Xinhua, October 6, 2016 Adjust font size:
Shares on the Johannesburg Stock Exchange (JSE) closed weaker on Wednesday in risk-off trade amid heightened fears of global economic slowdown or uneven growth.
By close of session, the all-share index was 0.33 percent lower at 51, 868.53 points and the Top 40 index had lost 0.36 percent to 45 308.48 points.
The rand was trading at R13.71 to the U.S. dollar, R17.47 to the British pound and R15.38 to the euro at 5:00 p.m.
Gold had risen 0.05 percent to sell at 1268.79 dollars an ounce.
Among gold stocks, Sibanye dropped 7.64 percent to R41.34 while Impala Platinum dropped 2.41 percent to R63.98. Harmony Gold Mining Company fell 6.02 percent to R41.07.
Among the banks, FirstRand was off 2.44 percent to R46.40, while Standard Bank rose 0.50 percent to R145.72. Endit