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Johannesburg - The JSE extended its losses in late trade on Thursday‚ as market players positioned themselves for China's eagerly awaited second-quarter gross domestic product (GDP) data on Friday.
The resources sector led the downside‚ with Exxaro Resources having slumped 17.73% since last Friday.
At 17:00 local time‚ the JSE All Share [JSE:J203] index ended down 0.99% at 33 390.52 points‚ with resources losing 1.35%‚ gold shares shedding 0.47% and platinum counters giving up 0.40%.
Financials were off 0.52%‚ banking stocks eased 0.67% and industrials were down 0.99%.
The rand weakened to 8.36 to the US dollar‚ from 8.23 at the JSE’s close on Wednesday‚ while gold changed hands at $1 559.05 a troy ounce from $1 576.45/oz at the JSE’s previous close and platinum was quoted at $1 410/oz‚ from $1 423.70/oz previously.
“Volumes are concentrated in very few shares‚ such as Richemont‚ with no real conviction around.
"Equity markets are positioning themselves for China’s second-quarter GDP on Friday‚” said Ryan Wibberley‚ equity dealer at Investec Asset Management.
China is one of the biggest consumers of SA’s raw materials.
US stocks extended their longest slump in nearly two months as mounting concerns about corporate earnings and a global economic slowdown overshadowed better-than-expected domestic jobs data‚ Dow Jones Newswires reported.
Investors shrugged off a labour department report that the number of US workers filing for jobless benefits last week fell more than economists expected to the lowest level in more than four years.
The drop could offer hope that the labour market might be slowly improving but also appeared due largely to factors such as fewer auto factories shutting down in July than is typical.
European stocks remained lower in late trade‚ with London’s FTSE 100 down 0.73%.
The resources sector led the downside‚ with Exxaro Resources having slumped 17.73% since last Friday.
At 17:00 local time‚ the JSE All Share [JSE:J203] index ended down 0.99% at 33 390.52 points‚ with resources losing 1.35%‚ gold shares shedding 0.47% and platinum counters giving up 0.40%.
Financials were off 0.52%‚ banking stocks eased 0.67% and industrials were down 0.99%.
The rand weakened to 8.36 to the US dollar‚ from 8.23 at the JSE’s close on Wednesday‚ while gold changed hands at $1 559.05 a troy ounce from $1 576.45/oz at the JSE’s previous close and platinum was quoted at $1 410/oz‚ from $1 423.70/oz previously.
“Volumes are concentrated in very few shares‚ such as Richemont‚ with no real conviction around.
"Equity markets are positioning themselves for China’s second-quarter GDP on Friday‚” said Ryan Wibberley‚ equity dealer at Investec Asset Management.
China is one of the biggest consumers of SA’s raw materials.
US stocks extended their longest slump in nearly two months as mounting concerns about corporate earnings and a global economic slowdown overshadowed better-than-expected domestic jobs data‚ Dow Jones Newswires reported.
Investors shrugged off a labour department report that the number of US workers filing for jobless benefits last week fell more than economists expected to the lowest level in more than four years.
The drop could offer hope that the labour market might be slowly improving but also appeared due largely to factors such as fewer auto factories shutting down in July than is typical.
European stocks remained lower in late trade‚ with London’s FTSE 100 down 0.73%.
