The JSE all share closed weaker on Wednesday as the market failed to hold onto a marginally positive start amid renewed risk-off sentiment emanating from geopolitical tension. There was some pick-up in risk-on trade at midday, but sentiment turned negative again after North Korea warned that its next ballistic missile attack will be aimed at the US territory of Guam in the Pacific ocean, following the launch of a missile over Japan earlier in the week. European markets were up on the weaker euro as the greenback recovered some lost ground from two-year lows. The all share closed 0.43% lower at 56,168 points and the blue-chip top 40 0.42%. Banks were down 1.44%, gold 1.27%, financials 0.93%, the platinum index 0.90%, and food and drug retailers 0.69%. Resources added 0.13% and property 0.09%. Sasol closed 0.89% lower at R384.53, as Brent crude gave up 0.67% to $51.54 a barrel. Telkom was up 2.04% to R62.45, after the fixed-line and mobile operator signalled that the government was co...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.