Off the wire
• Workers' union threatens to drag Namibian gov't to ILO  • Xinhua World News Summary at 1600 GMT, Oct. 6  • U.S. stocks decline ahead of nonfarm payrolls  • Zambian gov't diversifies tourism marketing to maximize potential  • German factory orders in manufacturing sector increase in August  • Macedonia minister calls for more action to prevent violence against women  • DPRK blasts U.S. for stepping up pressure, sanctions  • Investors eye bonds at Nairobi bourse  • Roundup: Profile of likely next UN chief Antonio Guterres  • Juppe improves lead in upcoming right-wing parties primary: poll  
You are here: 　 Home

S. Africa stocks close weaker Thursday

Xinhua, October 7, 2016 Adjust font size:

Shares on the Johannesburg Stock Exchange (JSE) was weaker on Thursday, with resource shares bouncing back slightly after a recent sell-off, while industrial stocks failed to meet the required pace.

The all share index was flat 0.5 percent to 51,610.78 points at close of session.

Gold stocks rebounded nearly 2 percent, ending a three-day losing streak on account of the weaker rand, which breached R13.89 to the U.S. dollar from highs of R13.69 in the past 24 hours.

The gold price held steady at weaker levels at 1,265.71 dollars an ounce, having dropped nearly 4 percent this week.

Among individual shares, petrochemical giant Sasol was up 1.23 percent to R386.40, boosted in part by the weaker rand and the price of Brent crude, which held above 50 dollar a barrel.

Steel producer ArcelorMittal rebounded 5.78 percent to R10.25 amid some bargain hunting. Transport and logistics group Imperial gained 1.74 percent to R166.87, despite the weaker rand.

AngloGold Ashanti recovered 2.05 percent to R194.91 and Harmony gained 2.95 percent to R42.28. Endit