President Cyril Ramaphosa’s easing of lockdown restrictions on Thursday evening provided a fillip to leisure stocks on the JSE on Friday, while the overall market was weaker as inflation fears continued to weigh on global market sentiment.
City Lodge led the gains in its sector, rising the most in more than two months, up 6.35% to R4.19. Sun International added 5.19% to R20.67, Tsogo Sun Hotels 4.92% to R3.20 and Tsogo Sun Gaming 4.9% to R10.70. The all share fell 0.97% to 63,661 points — its biggest drop in 10 days, while the top 40 was down 1.03%. Retailers lost 2.3%, industrial metals 1.58%, resources 1.5% and listed property 1.25%.
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