Off the wire
• NE China province reports two H7N9 cases  • Namibia to host HIV experts consultation meeting  • Polish gov't announces new regulations on immigration,foreigners  • Ghana's new finance minister sets wealth creation agenda  • China's top auditor says 2.6 bln USD environment funds "not effectively used"  • Roundup: No new survivors found, investigations launched into boat accident in Malaysia  • 1 dead, 2 wounded in Istanbul restaurant shooting  • Attempts to form new gov't in Macedonia fail, VMRO-DPMNE calls for new elections  • U.S. stocks open lower ahead of Fed meeting  • Xinhua world news summary at 1530 GMT, Jan. 30  
You are here: 　 Home

South African stocks close slightly weaker Monday

Xinhua, January 30, 2017 Adjust font size:

The Johannesburg Stock Exchange (JSE) closed weaker on Monday, rattled by U.S. President Donald Trump's immigration decrees, which dampened investors' appetite for riskier assets.

The South African rand was trading at R13.57 to the U.S. dollar, R16.96 to the British pound and R14.47 to the euro.

The R14-trillion all share index was off 0.59 percent to 52,660.94 points at close of session, as banks lost 1.41 percent but gold miners gained 3.62 percent.

Gold had risen 0.1 percent to sell at 1193.14 U.S. dollar an ounce,

Trump's decision to shut U.S. borders to refugees and others from seven largely Muslim countries, has caused widespread confusion and chaos at global airports.

Among individual stocks, Standard Bank was off 2.21 percent to R142.54, with Old Mutual losing 2.45 percent to R35. Discovery lost 0.73 percent to R114.06.

The financial sector was also affected by Liberty's trading update, which was released on Friday. Liberty expects full-year normalized headline earnings per share to decline by up to 53 percent.

Mr Price dropping 1.76 percent to R162.

The gold sector rallied, with Harmony shooting up 5.82 percent to R33.8 following a trading update in which it expected to return to profit in the six months to December.

Among gold other stocks, AngloGold Ashanti lifted 4.51 percent to R166.7 and Sibanye rose 4.18 percent to R29.9. MTN was off 3.45 percent to R124.02. Endit