Investment update | Traders are already gaming new Russian metal sanctions
South African markets closed in the red yesterday, weighed down by losses in insurance and banking sector stocks. Insurance companies, Old Mutual and Discovery dropped 4.1% and 1.6%, respectively. Lenders, Standard Bank Group, FirstRand, Capitec Bank Holdings and Nedbank Group declined 2.8%, 1.8%, 1.4% and 1.3%, respectively.
Retailers, Shoprite Holdings, Clicks Group, Cashbuild and Pick ‘n Pay Stores fell 2.3%, 1.2%, 0.9% and 0.7%, respectively. On the flipside, platinum miners, Impala Platinum, Northam Platinum and Anglo American Platinum jumped 7.9%, 2.4% and 1.9%, respectively. Gold miners, Sibanye Stillwater, AngloGold Ashanti, Harmony Gold Mining and Gold Fields advanced 5.2%, 3.8%, 3.1% and 0.8%, respectively.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.
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