JSE flat as mining stock losses offset gains

PREMIUM


The JSE was little changed on Wednesday, as losses by mining stocks offset gains in most other indices.There was a lot of news to give SA stocks direction, with a number of large caps registering impressive movements.Kumba Iron Ore led the losses, falling 4.94% to R452.46.Diversified miner BHP fell 3.03% to R339.48.It had lowered its production forecasts for iron ore, as it grapples with a hurricane that hit Western Australia in March.The all share added 0.01% at 58,908.3 points and the top 40 0.05%. Banks gained 1.19% and industrials 0.86%.Resources slipped 2.23%.Sibanye-Stillwater jumped 6.59% to R14.40. Earlier, a fivemonth strike at its gold operations came to an end.Retail sales rose 1.1% in February – the market had expected only 0.6%.

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