South African markets closed in the red yesterday, as fading prospects for an early rate cut by the US Federal Reserve (Fed) dented global investor sentiment. Diversified miners Pan African Resources, Exxaro Resources, Kumba Iron Ore and Anglo American shed 3.8%, 2.0%, 1.8% and 1.7%, respectively. Gold mining companies Sibanye Stillwater and DRD Gold declined 3.1% and 2.8%, respectively.
Retailers Cashbuild, Pick n Pay Stores, Compagnie Financiere Richemont S.A. and Pepkor Holdings dropped 2.8%, 2.2%, 1.2% and 1.1%, respectively. On the flipside, platinum miners Northam Platinum Holdings, Impala Platinum Holdings and Anglo American Platinum gained 4.5%, 3.5% and 1.8%, respectively.
The JSE All Share index declined 0.3% to close at 75 303.25.