South African markets closed in the red yesterday, led by losses in precious metal mining stocks. Gold miners, Sibanye Stillwater, AngloGold Ashanti and Gold Fields dropped 4.1%, 3.0% and 2.5%, respectively. Platinum miners, Northam Platinum, Impala Platinum and Anglo American Platinum declined 4.0%, 1.9% and 1.6%, respectively.
Telecommunications companies, Vodacom Group, Blue Label Telecoms and MTN Group shed 2.8%, 2.0% and 1.2%, respectively.
Pharmaceutical companies, Netcare and Life Healthcare Group eased 1.0% and 0.9%, respectively.