MARKET WRAP: JSE falls despite better-than-expected GDP growth

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The local bourse brushes off positive local economic news, with miners, retailers and industrials under the most pressure on the day

The JSE closed lower on Tuesday despite some positive economic news.

The all share fell 0.71% to 55,815.4 points and the top 40 0.62%. General retailers lost 1.49%, platinum miners 1.36%, industrials 1.01%, and gold miners 0.61%, Banks added 0.23% and the property index 0.26%. Attacq fell 3.05% to R14.93, despite saying earlier that distributable earnings per share grew by 9.5% to 45c in the six months ended December 2018 from the matching period in 2017.

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