The JSE closed lower on Thursday, tracking weaker global markets, despite some positive local corporate news. The market welcomed results from Anheuser-Busch InBev and Barclay’s Africa, with the latter boosting sentiment towards banking stocks generally. Anheuser-Busch InBev was the star performer on the day, rocketing more than 5% at one stage on better-than-expected annual results. Resource shares led the losses on the local bourse, with global diversified miners falling. The rand slipped past R11.90 to the dollar, now having given up the gains that resulted from the departure of former president Jacob Zuma. Global sentiment was risk-off, with markets rattled by comments from US Federal Reserve chairman Jerome Powell. Analysts said, however, global economic growth prospects should continue to support equity markets. Volatility had returned to global markets, but after a prolonged period of calm, this was not entirely unexpected, said Franklin Templeton analysts. "It is difficult t...
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