The JSE ended its streak of gains on Tuesday, closing lower as markets braced for the outcome of a parliamentary vote of no confidence in President Jacob Zuma

The JSE ended its recent streak of gains on Tuesday, closing lower as markets braced for the outcome of a vote of no confidence against President Jacob Zuma.

The market had closed by the time National Assembly Speaker Baleka Mbete announced that the motion had been defeated. The rand almost instantly fell more than 1% against the dollar.

Analysts expect that the political uncertainty will prevail.

Local equity markets will reopen on Thursday after the Women’s Day holiday on Wednesday.

At the close on Tuesday, the all share had lost 0.33% to 55‚980.1 points and the top 40 had shed 0.38%.

Resources lost 1.12%‚ property 0.94%‚ financials 0.29%, and food and drug retailers 0.3%.

General retailers added 0.32% and the platinum index 0.05%.

British American Tobacco was down 1.84% to R858.24, Richemont lost 0.81% to R115.62 and Anheuser-Busch InBev 1.86% to R1‚555.50.

Anglo American was down 3.67% to R217.89, BHP 1.46% to R238.15 and Glencore 0.74% to R59.33.

Kumba Iron Ore dropped 1.59% to R201.16 and Exxaro 0.81% to R113.52, while Assore added 6.63% to R230.

Standard Bank shed 1.02% to R164.31 while Barclays Africa added 1.28% to R151.08.

Redefine Properties shed 1.47% to end at R10.76 and Growthpoint 1.69% to R25.05. PPC was off 3.37% to R4.30. Packaging group Mpact dropped 0.44% to R27.50, after it halved its interim dividend to 15c from 30c when it released results for the six months to end June.

UK-focused investment holding company Brait fell 4.8% to R60.75 after it reported a decline in its net asset value in its June-quarter update.

Platinum was up 0.53% to $971.99 an ounce‚ while gold shed 0.31% to $1‚253.77.

South African futures were marginally stronger on Tuesday. The top 40 Alsi futures index added 0.13% to 49‚800 points.