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South African stocks close lower Tuesday

Xinhua, February 15, 2017 Adjust font size:

The Johannesburg Stock exchange (JSE) followed international markets and closed weaker on Tuesday, with all constituent indices lower as precious metals prices fell.

The all share index was 0.93 percent lower to 52,465.64 points with the blue-chip top 40 shedding 1.1 percent. Platinum shed 3.4 percent followed by industrials, which fell 1.58 percent.

The mining index was down 1.14 percent as Kumba, Impala Platinum and African Rainbow Minerals all slid more than 2 percent. Kumba was the biggest loser, down 7.16 percent to R209.35.

The South African rand firmed on Tuesday, reaching R13.08 to one U.S. dollar, its firmest in more than 15 month against the U.S. dollar. Endit