JSE hits 4-1/2 month low

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JSE1

Independent Newspapers

The JSE. Photo: Simphiwe Mbokazi.

South African stocks slid to a 4-1/2 month low on Tuesday as skittish investors sold off index heavyweights as part of a global equity sell-off on nagging concerns about the European debt crisis.

The benchmark Top-40 index was down 1.8 percent at 29,017.41, near its lowest since early January.

Shares of platinum miners such as Lonmin were the worst hit, as spot prices of the precious metal slid. - Reuters


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