The JSE closed lower on Thursday, despite broad-based gains, as market heavyweight Naspers once again provided direction to the market.Naspers gave up 4.64% to R3,900.10, after reaching a record high on Tuesday, tracking losses in Hong Kong-listed Tencent, of which it owns a third.Gold and platinum miners also jumped, with sentiment in the sector bolstered by news that Parliament would miss a December target to promulgate new mining laws. The proposed legislation has resulted in a legal challenge being brought by the Chamber of Mines, which is opposing changes to ownership requirements.Retailers and other shares sensitive to interest rates received decent support‚ after consumer inflation moderated in October.Headline inflation grew at an annual rate of 4.8% in October‚ slowing from 5.1% in September‚ in line with forecasts.While this has helped dull fears of an interest-rate increase, the Reserve Bank is unlikely to cut rates on Thursday, analysts have said."In tomorrow’s monetary ...
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