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S. African stocks extend losses Friday
                 Source: Xinhua | 2017-03-25 01:06:09 | Editor: huaxia

JOHANNESBURG, March 24 (Xinhua) -- The Johannesburg Stock Exchange (JSE) closed the week in red on Friday, as investors still ponder over whether U.S. President Donald Trump will stick to his economic growth ambitions.

The all share index was off 0.41 percent to 51,816.31 points at close, with blue chip top 40 index down 0.41 percent, the Resources index was 0.81 percent lower, while the financial index traded 0.28 percent down.

A very strong rand put a cap on the major South African companies which earn their income in foreign exchange.

The South Africa rand traded at R12.47 to the U.S. dollar at close on Friday, after closing at R12.57 on Thursday.

Among some individual shares, global commodities trader and miner Glencore was off 1.78 percent to R50.26, with Anglo American dropped 1.09 percent to R196.37.

Anglo American Platinum was off 2.02 percent to R282.17, with Impala Platinum losing 2.22 percent to R42.2.

Among the big resources shares Glencore lost 1.7 percent to R50.3 and Anglo American was 0.99 percent lower at R196,56. BHP Billiton was 0.74 percent softer at R196.28.

Financial shares were a mixed bag with FirstRand losing 1.04 percent to R52.45. Barclays Africa gained 0.59 percent R158.5. Insurer Discovery was 0.77 percent softer at R135.46. Enditem

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S. African stocks extend losses Friday

Source: Xinhua 2017-03-25 01:06:09

JOHANNESBURG, March 24 (Xinhua) -- The Johannesburg Stock Exchange (JSE) closed the week in red on Friday, as investors still ponder over whether U.S. President Donald Trump will stick to his economic growth ambitions.

The all share index was off 0.41 percent to 51,816.31 points at close, with blue chip top 40 index down 0.41 percent, the Resources index was 0.81 percent lower, while the financial index traded 0.28 percent down.

A very strong rand put a cap on the major South African companies which earn their income in foreign exchange.

The South Africa rand traded at R12.47 to the U.S. dollar at close on Friday, after closing at R12.57 on Thursday.

Among some individual shares, global commodities trader and miner Glencore was off 1.78 percent to R50.26, with Anglo American dropped 1.09 percent to R196.37.

Anglo American Platinum was off 2.02 percent to R282.17, with Impala Platinum losing 2.22 percent to R42.2.

Among the big resources shares Glencore lost 1.7 percent to R50.3 and Anglo American was 0.99 percent lower at R196,56. BHP Billiton was 0.74 percent softer at R196.28.

Financial shares were a mixed bag with FirstRand losing 1.04 percent to R52.45. Barclays Africa gained 0.59 percent R158.5. Insurer Discovery was 0.77 percent softer at R135.46. Enditem

[Editor: huaxia ]
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