The Johannesburg Stock Exchange (JSE) closed weaker on Tuesday, ahead of a motion of no confidence vote in parliament.

At close of session, the exchange rate of South African rand against the U.S. dollar is R13.11, marking a big come back from lows of R13.44 on Monday.

South African president, Jacob Zuma is tipped to survive another vote of no confidence as MPs cast their vote via secret ballot on Tuesday afternoon to either keep or remove Zuma.

The all share index was off 0.33 percent to 55,980.05 points at close of session, while the top 40 index lost 0.38 percent to 49,572.69 points. The financial index was 0.29 percent lower and the Industrial index lost 0.09 percent.

Anglo American dropped 3.57 percent to R218.1 and subsidiary Kumba Iron Ore lost 1.76 percent to R200.08. Assore gained 2.48 percent to R221.06.

Royal Bafokeng lost 2.18 percent to R31 and Lonmin dropped 2.61 percent to R15.74.

In larger industrial stocks, British American Tobacco was off 1.84 percent to R858.24.

Naspers which was again at an all-time high, after gaining 0.44 percent to a new record of R2895.

The Resources index lost 1.05 percent because of the strength of the local unit. Anglo American traded 3.67 percent lower at R217.89. Gold shares were 0.14 percent firmer, supported by a slightly higher gold price.

Richemont traded lower for the second consecutive day. The stock lost 0.81 percent to R115.64.

Vodacom share price lost 0.74 percent at R184.14 while MTN was flat at R120.65.

FirstRand share was 0.79 percent stronger at R54.8. Standard Bank dropped 1.02 percent at R164.31. Enditem

Source: Xinhua/Newsghana.com.gh