Bourse bucks trend to close weaker

Daily Dispatch - - BUSINESS -

The JSE bucked the gen­eral op­ti­mism in global mar­kets yes­ter­day with the lat­ter ris­ing on op­ti­mism that a global trade war could be averted.

The pos­i­tive sen­ti­ment did not ex­tend to the lo­cal mar­ket where the re­lease of fair man­u­fac­tur­ing and min­ing data on the day failed to re­as­sure mar­ket con­cerns that the GDP in the sec­ond quar­ter could show a con­trac­tion.

The all-share closed 0.67% lower at 56 849.40 points and the top-40 lost 0.73%.

The gold in­dex gave up 1.53%, re­sources 1.45%, prop­erty 0.83%, fi­nan­cials 0.47% and in­dus­tri­als 0.42%.

Gen­eral re­tail­ers rose 0.39%.

The rand closed at R13.28/$ from R13.57/$. It was trad­ing at R15.63/à from R15.83/à and at R17.71/£ from R17.90/£.

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