South African futures were slightly lower on Thursday as the JSE all share closed weaker in choppy trade ahead of ratings agency Moody’s announcement on SA’s sovereign rating on Friday. At 5.42pm, the local near-dated top-40 Alsi futures index was down 0.29% at 44,041 points, with 18,217 contracts traded from 28,864 on Wednesday. Moody’s announcement is expected anytime after market close on Friday and S&P Global Ratings’ on December 2. Fitch Ratings may also give the results of its review next Friday. The all share closed 0.11% lower at 50,561.40 points and the blue-chip top 40 was flat (0.01%). Banks dropped 2.05% and financials shed 1.16%. South African listed property retreated 1.14%, while resources lifted 1.44%. Anglo American was one of the star performers on the day, closing 3.43% higher at R220.70. It has gained more than 14% so far this week, on positive investor sentiment following indications by management that it may delay further asset selling within the group. Anglo t...
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