South African markets closed in the red yesterday, amid losses in retail sector stocks. Retailers, Cashbuild shed 8.3%, after the company reported a drop in its interim profits. Peers, Pick ‘n Pay Stores and Foschini Group dropped 5.9% and 1.2%, respectively.
Platinum miners, Impala Platinum, Northam Platinum and Anglo American Platinum declined 3.1%, 2.2% and 1.1%, respectively. Diversified miners, Anglo American, African Rainbow Minerals and Exxaro Resources edged down 3.0%, 2.2% and 2.0%, respectively.
Property developers, Redefine Properties, Growthpoint Properties and Equites Property Fund fell 2.0%, 1.4% and 1.0%, respectively.