Futures are weaker as banks drag JSE all share down
South African futures were weaker on Friday after banks dragged the JSE all share down, with a recovery in platinums and general retailers too late to save the day.
The all share closed 0.69% lower at 52,223.50 points and the blue-chip top 40 shed 0.90%. Banks dropped 1.26%, resources 0.88% and financials 0.77%. Platinums firmed 1.21%. After being down nearly 1% in early morning trade, general retailers recovered to close 0.76% higher.
The all share lost 0.88% for the week, but is still up 3.1% for the year.
The Dow Jones was 0.23% weaker in late afternoon trade in subdued trade ahead of the long weekend — the US celebrates president’s day on Monday.
European markets were mixed, with the Paris CAC 40 losing 0.79% and the German Dax dropping 0.13%. The FTSE 100 was up 0.26%.
Spot gold was flat at $1,240 an ounce, while platinum was 0.73% lower at $1,003 an ounce.
Brent crude was 0.59% lower at $55.40 a barrel.
At 5.46pm, the local near-dated top-40 Alsi futures index was 0.99% lower at 45,130 points with 24,030 contracts traded from Thursday’s 24,258.