The JSE was sharply lower on Thursday, taking its cue from poor sentiment on world markets. The local market was also digested a deluge of corporate earnings results, which amplified moves to the downside. Sibanye-Stillwater tumbled 11% to R11.90, after it decided not to pay a final dividend, having incurred a R4.4bn loss in the year to December. Sibanye-Stillwater (BAT) slid a hefty 5.44% to R687, with analysts pointing to concerns over the company’s outlook. British American Tobacco’s after-tax profit rose sevenfold to £37.7bn in the year to December, from £4.8bn, due to the addition of a £24.2bn "share of post-tax results of associates and joint ventures". The all share was off 1.44% at 57,764.60 points at lunchtime, with all the main indices in the red, with big industrial stocks and miners the main drag. "In general, were are taking our cue from weaker global markets, though in some cases I do think that it is buy the rumour and sell the news. Some stocks ran very hard in the l...
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