After opening higher on Wednesday, the JSE had reversed gains by lunchtime as rand hedges continue to be lifted by a weaker currency, while market heavyweight Naspers extended its losses for the week. The all share was flat at 51,412.10 points, with diversified miners also benefiting from a weaker rand and higher commodity prices. After posting good gains on Tuesday, gold and platinum miners fell 0.37% and 0.46%, respectively. Resources were up 0.36%, food and drug retailers 0.98%, financials 0.42%, and banks 0.33%. Following the release of market-pleasing results last week, Naspers management has moved to quell any speculation it is considering unbundling Chinese investment Tencent. Having now given back all of Friday’s gains, Naspers was down 1.77% to R2,561.89. Kumba Iron Ore gained 1.58% to R160.82 and is up 9.72% so far this week. Anglo American Platinum gained 1.35% to R291.99, despite warning on Tuesday that interim headline earnings, expected in July, would be at least 20% l...
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