MARKET WRAP: JSE slips in risk-off trade, with banks and retailers faring worst

The JSE tracked global markets lower on Monday amid concerns that the US-China trade war will get worse before it gets better.

Gold was benefiting from investor interest in safe-haven assets, as well as from the weaker dollar, but local banks and retailers were under pressure. Gold was up 1.22% to $1,415.70 an ounce and platinum 0.14% at $811.08. Brent crude was 1.13% lower at $64.55 a barrel. Woolworths dropped 1.97% to R48.23, TFG 1.58% to R182, Truworths 1.51% to R74.35, Massmart 1.4% to R63.50 and Mr Price 1.26% to R205.51.

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