The JSE fared poorly on Wednesday, acting out of kilter with its peers in Europe for the second consecutive day.The all share was down 1.05% to 58,463.20 points at lunchtime, as all its main underlying indices dropped on account of several factors, including a stronger rand.For a few weeks now, the local currency has been a thorn in the side of some of the big mining and industrial stocks, whose losses have more than offset a recent big rally in the shares of a number of companies that feed predominately off the local economy.Despite being little changed on the day, British American Tobacco shares are down 16% since the start of the year, contributing to the 2% drop in the all share over the same period.Gold miners were down a whopping 18% in 2018, partly as a result of a stronger rand and erratic metal prices.Banks and retailers were weaker, suggesting continued profit-taking in the two sectors that shot the lights out in the few weeks following political developments in the countr...
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