SA stocks
SA stocks

The Johannesburg Stock Exchange (JSE) closed weaker on Wednesday, as Naspers dropped below R3,000 a share, with property stocks the main gainers.

Property stocks were boosted by a strong showing from Nepi Rockcastle at the opening, with other stocks in the Resilient stable also firmer.

Naspers, which owns 31.2 percent of Tencent was under pressure. Previously high-flying Naspers has been struggling to make headway this year as world sentiment towards tech stocks has cooled.

Even the weaker South Africa rand could not buoy some positive sentiment. The local currency hit R12.5321 to the U.S. dollar at the close of trade as the dollar broke through 1.22 U.S. dollars to the euro.

Gold moved higher to 1332.5 an ounce but has fallen lower again, while Brent crude was flat at 73.967 U.S. dollar a barrel.

The all share was 1.19 percent lower at 56,987.19 points and the top 40 was down 1.25 percent. The gold index shed 1.59 percent, resources 1.77 percent, industrials 0.74 percent and the platinum index 0.9 percent.

Anglo American was 1.63 percent lower at R296.38 and Kumba Iron Ore 5.30 percent to R274.64.

British American Tobacco rose 1.93 percent to R654.70.

FirstRand climbed 1.86 percent to R64.3, but Standard Bank dropped 0.24 percent to R213.41.

Redefine rose 0.34 percent to R11.84, Fortress B 1.21 percent to R1.12 and Nepi Rockcastle 1.21 percent to R135.48.

Naspers shed 2.47 percent to R2,951.6. Enditem

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