SA stocks
SA stocks

The Johannesburg Stock Exchange (JSE) closed weaker on Monday after delayed trade in the morning, with retailers and industrials leading the losers.

The local currency trended lower at R13.67 to the dollar from R13.42. The South Africa’s rand was slightly weaker against major global currencies on Monday at the close, with global markets generally lower after trade tension heightened up at the weekend.

The decision by the United States to impose 50-bln-dollar additional tariffs on Chinese goods has led the local currency to struggle.

The Chinese markets were closed on Monday for the dragon boat festival.

“The remaining trading sessions will follow according to the standard schedule for the day,” the JSE says in a press statement on Monday.

The all share was 0.73 percent lower at 57,236.84 points and the top 40 lost 0.63 percent. Food and drug retailers shed 2.12 percent, financials 0.2 percent and resources added 0.34 percent, gold 1.55 percent.

The platinum index lost 1.65 percent.

Anglo American edged 1.17 percent to R310.86 but Sasol gained 0.41 percent to R481.31.

British American Tobacco dropped 1.32 percent to R659.

Steinhoff Africa Retail tumbled 2.43 percent to R18.05 and Shoprite 3.13 percent to R225.87.

Nepi Rockcastle gained 0.41 percent to R122.5

Naspers rose 0.32 percent to R3,309.58. Enditem

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