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Johannesburg - South African stocks inched lower on Wednesday in a trading week disrupted by two national holidays as e-commerce giant Naspers slipped in line with its Chinese money-spinner Tencent.
The Top-40 index fell 0.16% to 43 804.68, while the all-share benchmark slipped 0.13% to 48 870.10.
The day's decliners included British American Tobacco which fell 1.72% to R605.68 after the cigarette maker posted lower revenue for its last quarter.
Naspers fell 4.15% to R992, its lowest level since December.
"Naspers took a massive smack after some of Tencent's online services were banned in China," said Ilan Arbel, an equities trader at Consilium Securities.
AngloGold Ashanti fell 0.8% to R189.87 on the back of a falling gold price.
Construction materials supplier Afrimat however bucked the downward trend, jumping over 5% to its highest level ever after it said it expects good full-year earnings.
Rival Cashbuild recovered from the previous day's losses, adding 2.45% to R125.50.
"Both companies are bucking the decline of the All-share; Cashbuild's rise could certainly be coming off the rise of Afrimat," said Arbel.
According to preliminary bourse data, 179 million shares changed hands, with 173 stocks advancing while 145 fell.
The Top-40 index fell 0.16% to 43 804.68, while the all-share benchmark slipped 0.13% to 48 870.10.
The day's decliners included British American Tobacco which fell 1.72% to R605.68 after the cigarette maker posted lower revenue for its last quarter.
Naspers fell 4.15% to R992, its lowest level since December.
"Naspers took a massive smack after some of Tencent's online services were banned in China," said Ilan Arbel, an equities trader at Consilium Securities.
AngloGold Ashanti fell 0.8% to R189.87 on the back of a falling gold price.
Construction materials supplier Afrimat however bucked the downward trend, jumping over 5% to its highest level ever after it said it expects good full-year earnings.
Rival Cashbuild recovered from the previous day's losses, adding 2.45% to R125.50.
"Both companies are bucking the decline of the All-share; Cashbuild's rise could certainly be coming off the rise of Afrimat," said Arbel.
According to preliminary bourse data, 179 million shares changed hands, with 173 stocks advancing while 145 fell.
