South African markets closed in the red yesterday, as investors assessed US jobs data for cues on the US Federal Reserve’s (Fed) interest rate path.
Pharmaceutical companies, Life Healthcare Group, Netcare and Adcock Ingram Holdings dropped 6.7%, 3.8% and 1.2%, respectively.
Food companies, RCL Foods, Famous Brands and Tiger Brands shed 4.7%, 4.6% and 2.5%, respectively.