South African futures were weaker on Friday as the JSE all share was dragged down by resources and platinums amid a sharp drop in the copper price. The JSE all share closed 1.1% lower at 51,609.9 and the blue-chip top 40 dropped 1.17%. Resources shed 3.08% and platinums were 2.5% lower. Industrials retreated 0.74%, ,eneral retailers shed 0.55%, food and drug retailers lifted 1.32%, and property rose 0.41%. The all share ended the volatile week 1.17% lower, but is 1.89% up for the year. The Dow Jones industrial average was 0.28% lower at the JSE’s close. European markets were weaker with the FTSE 100 losing 0.55%. The Paris CAC 40 retreated 1.12% and the German Dax lost 1.45%. Platinum was 1.72% stronger at $1,025.73 an ounce. Brent crude was 0.53% lower at $56.12 a barrel. At 5.46pm, the local near-dated top-40 Alsi futures index had lost 1.31% to 44,550 points with 22,485 contracts traded from Thursday’s 23,240.
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