Bourse bucks trend to close weaker
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/£.