Africa Stock Market Closing Report | South African stock market closed down about 3.4%, with gold and silver mining stocks, Prosus, and Naspers leading the decline
On Wednesday (March 18), the South African FTSE/JSE Africa Leading 40 Index closed down 3.37%, below 106,000 points.
Component stock Sibanye Stillwater fell 8.57%, Gold Fields (GFI.SJ) dropped 7.87%, Prosus declined 7.32%, Impala Platinum Holdings (IMP) fell 7.29%, Naspers decreased 6.99%, Harmony Gold (HAR) dropped 6.98%, and Northam Platinum fell 6.59%, making it the seventh largest decline. Only three component stocks rose: Discovery increased by 0.12%, Clicks Group rose by 0.44%, and MTN Group gained 1.14%.
The Nigerian Stock Exchange All Share Index fell 0.69%, approaching 201,000 points, ending a trend of three consecutive trading days of closing at historical highs.
The Mauritius Stock Exchange SEMDEX Index fell 0.10%, while the Nairobi Stock Exchange All Share Index rose 0.09%