Off the wire
Venezuela sends aid to Cuba after tropical storm Alberto  • Venezuela prepares list of political opponents to be freed from jail  • JSE edges weaker as firmer South African rand pulls down mines  • JSE closes lower as U.S. dollar continues to gain  • JSE closes higher buoyed by banks and general retailers  • Microsoft eyes establishing software start-up in Turkey  • Chinese mainland claims 6 of world's top 100 universities in latest THE rankings  • U.S.-EU trade war could "devastate" Irish whiskey industry: IWA  • Highway link between eastern and western Slovakia to be done in 2025  • Smuggled songbirds trade alive in Malta: NGO  
You are here:  

JSE edges weaker as firmer South African rand pulls down mines

Xinhua,June 03, 2018 Adjust font size:

JOHANNESBURG, May 30 (Xinhua) -- The Johannesburg Stock Exchange (JSE) dropped for a third consecutive session on Wednesday, as South Africa's rand pulled down mines.

The food and drug retailers and banks gained on a firmer local currency that traded at R12.56 to the U.S. dollar from R12.69.

The South African rand has been relatively robust against the greenback. A stronger U.S. dollar usually negatively affects the entire emerging markets.

Gold gained 0.25 percent to 1,302.16 U.S. dollar an ounce and platinum 0.17 percent to 908.67 U.S. dollar an ounce.

At 5:00 p.m. (CAT), the all share fell 0.6 percent to 55,601.63 points and the top 40 0.68 percent. General retailers fell 1.13 percent, industrials 1 percent and gold miners 0.9 percent. Platinums firmed 1.01 percent and food and drug retailers 0.78 percent. Enditem