SA stocks
SA stocks

The Johannesburg Stock Exchange (JSE) closed weaker on Wednesday after U.S. president Donald Trump said he was not satisfied with talks aimed at preventing a trade war with China.

Global equities were also affected by poor eurozone economic figures, and as Trump planned summit with the Democratic People’s Republic of Korea (DPRK) leader Kim Jong-un seemed doubtful.

Local consumer inflation figures released on Wednesday had little effect on banks and retailers, despite coming in better than expected. April’s consumer price index (CPI) rose 4.5 percent from 3.8 percent, slightly better than the expected 4.7 percent.

The all share was 1.86 percent weaker at 57,043.42 points and the top 40 dropped 1.93 percent. Resources shed 3.69 percent, property 1.55 percent, food and drug retailers 2.08 percent and banks 1.34 percent.
Anglo American was 5.6 percent lower at R306.72.

BAT added 0.14 percent to R636.

FirstRand lost 1.8 percent to R60.5 and Standard Bank 1.61 percent to R203.8.

Steinhoff International tumbled 5.36 percent to R1.59.

Among retail stocks Redefine dropped 5.22 percent to R10.89.

Naspers was up 0.47 percent to R3,108. Enditem


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