South African futures lost ground on Friday on a lower close by the JSE all share, as retreating property shares damaged market sentiment following strong gains earlier in the week.The all share ended the week 5.76% higher, but closed 0.69% lower on Friday, at 59,122.30 points, with the top 40 losing 0.87%. Property shed 2.6%, food and drug retailers 1.78%, financials 1.18%, banks 1.1% and general retailers 1.04%. Platinums gained 0.87% and the gold index 0.59%.The Dow was 0.4% higher at the JSE’s close, while European markets were firmer, with the FTSE 100 having gained 0.58%.Investors have drawn encouragement in recent sessions from solid global growth and a better-than-expected corporate earnings season, brushing aside the inflation jitters and record bets on low volatility that triggered a sudden correction in many equity markets earlier this month, Dow Jones Newswires reported."The market is accepting the fact that there is slowly building inflation in the system and has become...
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