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African bourse closes weaker amid concerns of global growth

byCT Report
07/05/2016
in Latest News, South Africa
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JOHANNESBURG: The Johannesburg Stock Exchange (JSE) closed weaker, led by losses in industrial shares.

The all-share index was 0.99 percent lower at 51,495.14 points and the blue-chip top 40 lost 1.14 percent. Banks slid down a further 0.87 percent and financials tumbled 0.94 percent. Resources lost 0.68 percent and industrials were down 1.13 percent. The gold index rose 1.15 percent and platinums gained 0.88 percent.

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The rand was trading weaker at R14.92 to the U.S. dollar, R21.51 to the British pound and R17.05 to the euro at market clos.

On the top 10 gainers list was Gold Fields (GFI), whose shares climbed 8.71 percent to sell at R68.38 after 2,354,799 shares were exchanged in 2,368 deals today. Also on the list was Anglogold Ashanti (ANG), whose shares rose to R244.01 after 6,335 deals traded 2,180,757 shares, a boost in the share price of 7.18 percen.

Kumba Iron Ore (KIO) was amongst the biggest movers downwards, as shares tumbled 6.79 percent to R101.60 after investors bought and sold 693,584 shares in 2,023 deals. After 136 deals exchanged a total of 587,576 shares, Grand Parade Investments (GPL) fell 6.58 percent to R3.41 by 5pm local time. Enditem

 

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