The JSE closed lower on Friday, as the market followed weaker Asian and European markets. Platinum and property led the declining stocks, while banks made a late recovery at the close on a rebound from Capitec. A positive opening on the Dow, after another 4% drop on Thursday, failed to inspire confidence on the local bourse. The Dow dropped more than 4% on two days in the week. The JSE was 1.29% off at 55,902.60 points, the lowest level in four months, while the top 40 dropped 1.3%. The platinum index shed 2.94%, property 1.73%, food and drug retailers 1.49%, industrials 1.39% and financials 1.28%. Rand hedge British American Tobacco fell 2.21% to R748.07, Anheuser-Busch InBev 2.13% to R1,255.91, and Richemont 1.32% to R108. Brait fell 5.14% to R36.52 and PSG 2.62% to R212.80. Liberty Holdings lost 7.16% to R124 and Old Mutual 3.55% to R38. Steinhoff Africa Retail fell 7.24% to R20.13, having earlier reported flat revenue growth for its quarter to end-December. Property group Resili...
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