South African markets closed in the red yesterday, weighed down by losses in property sector stocks. Property developers, Delta Property Fund, Attacq, Hammerson and Accelerate Property Fund edged down 14.3%, 3.8%, 2.5% and 2.1%, respectively.
Insurance companies, Sanlam, Discovery and Old Mutual dropped 5.6%, 2.3% and 1.7%, respectively.
Diversified miners, Kumba Iron Ore, Pan African Resources and Exxaro Resources shed 3.9%, 1.1% and 0.8%, respectively.