South African markets closed in the red yesterday, as escalating tensions in the Middle East and delayed rate cuts in the US dented investor sentiment.
Platinum miners, Anglo American Platinum, Impala Platinum and Northam Platinum dropped 6.4%, 4.0% and 3.7%, respectively. Gold miners, Sibanye Stillwater, Harmony Gold Mining and Gold Fields declined 5.1%, 3.2% and 2.3%, respectively. Diversified miners, Kumba Iron Ore, Pan African Resources and Anglo American shed 4.9%, 4.7% and 3.7%, respectively.
Retailers, SPAR Group, Clicks Group, Foschini Group and Lewis Group fell 3.0%, 2.4%, 1.8% and 1.7%, respectively.