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South African stocks close lower

Xinhua, March 1, 2017 Adjust font size:

The Johannesburg Stock exchange (JSE) closed lower on Tuesday, weighed down by declines across most sectors.

Investors are waiting eagerly for U.S. President Donald Trump's address to the U.S. congress on Tuesday.

The all share index was down 0.68 percent to 51,146.05 points and the blue-chip top 40 tumbled 0.75 percent.

The price of gold was down 0.42 percent, as was the gold-mining index, shedding 3.26 percent. Resources were down 0.94 percent while platinums lost 0.46 percent.

Harmony Gold led the big precious-metal miners with a 5.4 percent loss to R31.9 followed by Sibanye, which dropped 5.26 percent to R26.31. Gold Fields lost by 2.23 percent to R40.25.

Anglo American dropped 0.25 percent to R203.61.

Rand-hedge stocks made marginal gains despite a relatively firmer strong rand. British American Tobacco was up 1.26 percent to R821.32 and AB InBev gained 0.36 percent to R1,410.96. Richemont was 0.24 percent up to R95.53.

Bidvest lost 5.08 percent to R155.02 despite having delivered satisfactory results in the six months to December. Its revenue was rose 4.1 percent to R36 billions. Endit