JSE share prices take a hefty knock

The Star Early Edition - - PRICES - Xin­hua

SHARE prices on the Jo­han­nes­burg Stock Ex­change (JSE) were lower at the close yes­ter­day af­ter Fitch rat­ings agency af­firmed its sub-in­vest­ment grade rat­ing.

The all-share closed down 1.35 per­cent to 52 840.68 points, and the blue-chip top 40 was 1.41 per­cent down.

Re­source shares took a heavy knock as the slide in com­mod­ity prices con­tin­ued and the rand eased closer to R12.96 against the US dol­lar at 5pm.

Fi­nan­cial stocks also took a beat­ing, fol­low­ing news that UK par­ent com­pany Bar­clays plc sold its stake in its African sub­sidiary.

Bar­clays Africa rose 3.28 per­cent to R143.56. Among in­di­vid­ual stocks on the JSE, An­glo Amer­i­can dropped 2.55 per­cent to R171.49, with BHP los­ing 2.03 per­cent to R179.18 and Glen­core drop­ping 2.76 per­cent to R47.5. Sa­sol tum­bled 2.29 per­cent at R383.13. Kumba slid 6.72 per­cent to R146.5 and Exarro dropped 5 per­cent to R96.99.

Among the fi­nan­cial stocks, FirstRand was down 2.15 per­cent to R48.25, with Ned­bank los­ing 2.03 per­cent to R215.64 and Stan­dard Bank drop­ping 1.94 per­cent to R143.7.

San­lam lost 2.08 per­cent to R67.2. In­vest­ment group Rem­gro was off 2.15 per­cent to R108.14.

Spar was down 6.24 per­cent to R160.25 fol­low­ing its in­terim re­sults re­leased on Wed­nes­day.

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