Min­ing stocks knock bourse

Daily Dispatch - - Business -

THE JSE closed lower yes­ter­day as min­ing stocks pulled the mar­ket down on dis­ap­point­ing data from China and softer com­mod­ity prices.

The rand clawed back some of its losses as the euro gained on the green­back fol­low­ing the re­lease of up­beat Ger­man eco­nomic data.

The rand gained more than 0.6% to an in­tra­day best level of R14.35/$ be­fore weak­en­ing again. At 3pm‚ it was at R14.38/$ from R14.48/$‚ at R16.90/ from R16.88/ R18.99/£.

Bank­ing stocks were flat while prop­erty gained. Re­tail­ers were mixed.

The re­sources in­dex has risen 20% so far this year‚ and‚ in­clud­ing div­i­dends‚ is at a two-and-a-half-year high.

The all-share closed 0.51% lower at 59 518.90 points and the blue-chip top40 lost 0.48%.

The gold in­dex shed 3.81%‚ plat­inums 3.55% and re­sources 2.31%. — and R18.85/£ from

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