The JSE suffered broad-based losses on Tuesday, suggesting some profit-taking following a fairly strong start to the week. The all share was off 0.34% to 55,862.20 points at lunchtime, with losses spread across all its main components, after the bourse gained 0.74% on Monday. Gold and platinum shares were particularly weaker, with the latter index dropping for a fifth consecutive session. The losses came despite a relatively weaker rand, which usually provides a cushion for falling metal prices. The platinum price was at its lowest point in five weeks, at $956 an ounce, while gold was well off its recent high of $1,349.11, partly as a result of a recovery in the dollar. Sibanye-Stillwater fell as much as 9%, after the gold and platinum producer said it was launching a $450m convertible bond to complete the acquisition of US-based Stillwater. Banks and insurance shares were mostly lower after a stout performance on Monday, which analysts attributed to expectations of a cut in interes...
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