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The JSE opened slightly weaker on Monday in cautious trade, as the firmer rand supported banks and retailers, while rand hedges and miners were on the back foot.Global developments affected sentiment to a large extent, following Moody’s expected decision on Friday to keep its credit rating on SA unchanged at Baa3, one level above junk. The outlook was changed to stable from negative.Naspers was marginally higher, as the market still seemed to follow movements in Chinese internet company Tencent, of which Naspers now owns 31.2%. Last week it sold a stake in Tencent for $9.8bn to further diversify activities away from Tencent into, among others, classified advertising and online food delivery. The Dow closed 1.77% lower at 23,533.20 points on Friday, ending the worst week in more than two years on the fear of a global trade war, with the index recording an almost four-month closing low. Banking stock were the worst hit, with substantial weakness also evident in computer hardware stock...

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