After a weak opening on Friday, the JSE all share failed to gain momentum on the day, closing marginally lower.The all share struggled to find direction on weaker European markets and as the rand remained on the back foot.The all share ended the week 0.22% lower, with earlier optimism fading towards the end of the week, with the market losing more than 2% on Thursday, as the Nigerian central bank announced renewed claims against MTN and Standard Bank.The all share closed 0.23% lower at 58,668.50 points on Friday. Food and drug retailers added 2.04% but industrials lost 0.7%.Trading was cautious ahead of the US Labor Day holiday on Monday and as Statistics SA is set to release the latest GDP data for the second quarter on Tuesday. The numbers will show whether or not SA slipped into a technical recession. The consensus is for quarterly growth of 0.5%, but this is far from certain.A number of top companies will report numbers next week, and although most have given guidance on expecte...
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