Shares hit

JSE-LISTED companies, whose credit ratings were downgraded by Moody’s this week, had a mixed showing on the bourse. The axe fell on MTN, Sasol, Bidvest, Growthpoint Group and also on state-owned Transnet and Eskom. MTN saw its share price lose 2.6 percent yesterday to close at R111.40 a share after Moody’s dropped its rating to Baa1 from Baa3. Sasol lost 0.25 percent to close at R364.61 a share. Bidvest gained 0.42 percent to close at R161.15 a share.