The JSE was weaker on Friday after the post-budget positive sentiment dissipated. Finance Minister Pravin Gordhan delivered a budget on Wednesday that buoyed sentiment as it was in line with expectations. European markets were mostly lower while Asian markets closed mixed. The Nikkei 225 shed 0.45% and the Hang Seng lost 0.62% while the Shanghai Composite gained 0.06% At 12.02pm the all share was down 0.5% to 51‚920.5 points and the blue-chip top 40 lost 0.5% The rand, which continued to strengthen after the budget speech, did not favour platinum and resources which weighed down the all share index despite an improvement in the price of platinum. The platinum price was up 1.07% to $1‚019.2/oz‚ but the platinum index was down 2.06%. Resources were down 2.19% and industrials 0.21%, while banks gained 0.38%. Diversified miners were down, with Glencore leading the losses. Its share lost 4.62% to R52.63. Anglo American fell 4.46% to R203.75. Rand hedge stocks all gained despite a strong ...
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