S. African stocks end lower as G7 summit fails to inspire investors

Source: Xinhua| 2018-06-12 00:04:37|Editor: huaxia
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JOHANNESBURG, June 11 (Xinhua) -- The Johannesburg Stock Exchange (JSE) closed marginally lower on Monday as the Group of Seven (G7) meeting in Canada at the weekend failed to inspire markets.

Global markets remained subdued as investors eye events that could move the market, including central bank announcements and the U.S.-North Korean summit.

The South Africa's rand was at R13.09 to the dollar from R13.10, R15.4711 to the euro from R15.46 and R17.52to the pound from R17.5440.

Market expert are looking forward to Wednesday's rate decision by the U.S. Federal Reserve.

U.S. President Donald Trump accused Canadian Prime Minister Justin Trudeau of being "dishonest and weak" and did not support the communique after the G7 meeting.

The all share was down 0.13 percent to 58,146.1 points and the top 40 lost 0.09 percent.General retailers climbed 0.32 percent, industrials 0.13 percent and banks 0.76 percent. The gold index shed 3.4 percent, platinum 0.92 percent and resources added 0.36 percent.

Anglo American slipped 0.79 percent to R328.39 and Sasol 0.91 percent to R488.

AngloGold Ashanti plummeted 4.47 percent to R106.34. Naspers gained 0.07 percent to R3,337.7. Enditem

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