Picture: JSE
Picture: JSE

THE JSE all share ended the day 1.04% weaker at 49,082.3 points as risk aversion placed a drag on financial markets globally. The blue-chip top 40 was 1.17% weaker.

News of a North Korean hydrogen bomb test detonation, increasing tension between oil producers Saudi Arabia and Iran, and concern over China’s economy following that country’s announcement that a selling ban applied to major shareholders would remain in place, were the latest in a growing list of geopolitical issues retarding equity trading.

At 5pm CAT, the London FTSE 100 index was trading 1.47% lower than its close on Tuesday. The Paris CAC 40 was down 1.85% and the German DAX was off 1.85%.

The Dow Jones industrial average opened the New York trading day sharply weaker and was 1.33% lower by the JSE’s close, as oil prices slumped to 11-year lows. Brent crude was 4.49% weaker at $34.92 per barrel at 5pm.

On the JSE, the platinum sector ended 2.85% weaker, ahead of resources, which gave up 2.66%. Banks were down 1.86%.

Gold mining was the exception for the day, having gained 4.95% by the close of trade. Over the first three days of trading this year it was more than 14% higher. The spot price of gold in the same time had gained 1.54%, last trading at $1,089.75 an ounce.

Among individual stocks, Anglo American ended the day 6.43% lower at R61.28. Implats was down 5.56% at R26.35 and Lonmin lost 5.56% at R17 by the market’s close.

In the banking sector FirstRand fared worst, down 3.73% to R40.05. RMB Holdings lost 2.33% to R54.19.

Among financials, Sanlam ended 3.82% lower at R55.90, while Old Mutual was down 2.46% at R37.69. Liberty ended the day 3.77% weaker at R108.26.

The weak oil prices hit Sasol, which ended trade 1.7% lower at R407.95.