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JSE closes in the red

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Cape Town - The JSE closed in the red for a second straight session as local equities traded under pressure for the entire session.

Only 5 stocks managed to close in the green on the JSE Top-40 Index. Equities opened lower on the JSE and continued to trade lower thereafter. The sell-off in local bonds continued, with the benchmark 10-year-bond yield climbing up to 8.91%. This sell-off in bonds is not specific to South Africa, as developed markets bonds are also experiencing a relatively steep sell-off as indicated by the increase in yields over the past 2 weeks.

The JSE All-Share Index closed down 0.74%, with the JSE Top-40 Index closing down 0.72%. All the major indices on the JSE closed in the red. The Financials Index closed down 1.01%, and the Resources Index closed down 0.96% mainly because of weaker commodity prices which pushed miners lower. The Industrials Index was down 0.56% as it was dragged down by Naspers which closed down 0.77%.  

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ZAR/USD
17.54
(+0.10)
ZAR/GBP
22.98
(+0.04)
ZAR/EUR
20.66
(-0.01)
ZAR/AUD
12.59
(+0.05)
ZAR/JPY
0.17
(-0.04)
Gold
2034.54
(+0.03)
Silver
28.27
(+0.11)
Platinum
961.50
(+0.38)
Brent Crude
44.55
(-1.53)
Palladium
2166.01
(+0.63)
All Share
56757.73
(-1.56)
Top 40
52435.65
(-1.72)
Financial 15
9897.96
(+0.10)
Industrial 25
74671.49
(-1.98)
Resource 10
58948.78
(-1.89)
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