The JSE closed lower on Thursday, with miners faring worst, despite buoyant global markets and good news in the form of mining and manufacturing data.Mining production contracted 2.6% year-on-year in May, better than the 3.3% consensus forecast. Manufacturing grew 2.3% in April, well ahead of expectations of a 0.6% contraction. The JSE brushed this off, however.Taken together, today’s figures suggest that the contraction of SA’s economy slowed in the second quarter, said Capital Economics analysts.The rand was firmer on the day, despite US data showing inflation in that country reached a seven-year high in June, of 2.9%.Interest-rate sensitive shares received some support from a falling oil price, which edged below $74 a barrel, extending losses from Wednesday when Libya announced it was resuming oil exports.The all share fell 0.67% to 56,849.4 points and the top 40 0.73%. Gold miners lost 1.53%, resources 1.45% and property stocks 0.83%. Platinums firmed 0.19%.Diversified miner Ang...
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