Futures weaker as JSE loses ground on resources, platinums
Weaker commodity prices and a softer rand failed to lift sentiment, with general retailers the only positive close among the big indices on the day
South African futures were weaker on Thursday as the JSE all share closed lower on resources and platinum stocks. Weaker commodity prices and a softer rand failed to lift sentiment, with general retailers the only positive close among the big indices on the day. The all share closed 0.15% lower at 51,300 and the blue-chip top 40 softened 0.03%. General retailers shed 3.14% and platinums ended the day 2.78% lower. Resources shed 0.93% and banks dropped 0.44%. Industrials and food and drug retailers both added 0.16%. The Dow Jones was 0.16% up in early evening trade. European markets were mixed with the FTSE 100 losing 0.20%; the Paris CAC 40 added; 0.43% and the German Dax rose 0.39% after the European Central Bank kept rates unchanged, as expected. At 5.45pm, the local near-dated top-40 Alsi futures index was 0.89% lower at 43,950 points with 28,139 contracts traded from Wednesday’s 23,140.
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