South African markets closed in the red yesterday, after domestic gross domestic product (GDP) grew less than expected in 4Q23. Mining company, Sibanye Stillwater dropped 5.7%, after the company reported a loss of R37.40bn in FY23. Platinum miners, Impala Platinum, Anglo American Platinum and Northam Platinum declined 3.6%, 2.5% and 1.7%, respectively. Lenders, Standard Bank Group, Capitec Bank Holdings and FirstRand fell 2.4%, 1.6% and 1.1%, respectively. On the flipside, gold miners, Harmony Gold Mining, Gold Fields and AngloGold Ashanti jumped 8.5%, 6.8% and 5.6%, respectively.

Source: News 24 March 06, 2024 15:38 UTC