The JSE ended the shortened week lower on Friday, as risk-off sentiment drove the bigger shares down on the day amid concern about a global trade war.The rand was, however, generally firmer on a weaker dollar, providing some support for banks, which ended flat. Local miners gained as investors piled into safe-haven assets.The property index suffered another sharp sell-off, as benchmark Growthpoint joined shares in the Resilient stable, which retreated further despite announcing some structural changes earlier to allay market concerns.The gold index was higher, while retailers recovered toward the close.Naspers dropped 4.55% to R3,150 on Friday, ending the week 7.57% lower, its worst performance since early February. This followed a tumultuous week for the market heavyweight. Already under pressure from worse-than-expected quarterly results from Chinese internet group Tencent, the group said it would sell 2% of its shareholding in Tencent. This surprised the market, as Tencent remain...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.