JSE stocks slide, Naspers leads decliners

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JSEPic INLSA The JSE board in Sandton in Johannesburg. Photo: Leon Nicholas.

Johannesburg - South African stocks fell by more than 1 percent on Friday, tracking international markets on worries of the effects of tensions between Russia and the West over the Ukraine.

E-commerce and media company Naspers fell the most in more than a month, tracking a decline in shares of its Chinese money spinner Tencent after China's central bank ordered a halt to some mobile payment methods used by Internet companies.

Naspers shares slid 4.51 percent at 1,229.00 rand.

“On the domestic side we have more worries on growth prospects and globally the situation in the Ukraine has caught everyone's attention,” said Paul Chakaduka, a trader at Cratos Capital.

The benchmark Top-40 index fell by 1.07 percent at 417,61.01 while the All-Share index slid 0.88 percent at 464,12.40

On the flip side, worries on Ukraine lifted gold to fresh six months highs on Friday.

AngloGold Ashanti was the biggest gainer in the benchmark index, gaining 2.91 percent to 209 rand while Sibanye Gold 3.4 percent at 25.6 rand.

Trade was fairly brisk, with 185 million shares changing hands.

A total of 178 shares declined, 125 advanced and 45 were unchanged. - Reuters



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