Money SA economy
The JSE finished broadly weaker on Wednesday for the second conservative day as another set of poor US housing data weighed on the market.
At the close, the JSE all share index had lost 1.07% and resources fell 1.50%. Platinum miners dropped 2.09% and gold miners declined 0.82%. Banks fell 1.04%, financials were 0.79% lower, and industrials weakened 0.78%. Gold was quoted at US$1,231.66 a troy ounce from US$1,242.32/oz at the JSE's previous close, while platinum was at $1,565.00/oz from $1,594.00/oz at the JSE's last close.
A portfolio manager said the US new home sales, which came out on Wednesday, dampened market sentiment. He said the US futures market looked good, but after the release of the US new home sales the US stocks fell.
On the JSE, Anglo (AGL) shed 5.37 rand or 1.79% to 295.33 rand, and BHP Billiton (BIL) lost 3.34 rand or 1.50% to 219.21 rand. Sasol (SOL) declined 3.01 rand or 1.04% to 287.49 rand.
