South African markets closed in the red yesterday, led by losses in mining sector stocks and as investors await key US inflation data.
Diversified miners, Kumba Iron Ore, Anglo American, African Rainbow Minerals and Exxaro Resources dropped 7.3%, 2.5%, 1.5% and 1.4%, respectively.
Retailers, Pick ‘n Pay Stores, Cashbuild and Foschini Group declined 4.0%, 3.5% and 1.7%, respectively.