The JSE closed lower for a second consecutive day, while global markets were mixed as investors await the EU’s verdict on the Brexit extension.
The rand lost ground on Wednesday after strengthening more than 1% on Tuesday. At 5.45pm it had weakened 0.31% to R14.6331/$, 0.27% to R16.2743/€ and 0.41% to R18.8556/£. The euro was flat at $1.1122. Earlier, the Shanghai Composite fell 0.43% and Hong Kong’s Hang Seng 0.82%, while Japan’s Nikkie 225 rose 0.34%.
The JSE all share fell 0.65% to 55,571.5 points and the top 40 0.74%. Banks and industrials gave up 1.52% and 1.84%, respectively.
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