JOHANNESBURG, Sept. 6 (Xinhua) -- Share prices on the Johannesburg Stock Exchange (JSE) closed weaker on Wednesday with the all share index off 1.18 percent to 55,480.2 points at close.
The resources sector was 1.43 percent lower due to the strong rand while banks were 2.59 percent lower and financial stocks lost 1.64 percent. Industrial stocks were also broadly weaker.
On the JSE, Barclays Africa was off 6.42 percent to R140.37, Nedbank lost 4.72 percent to R203.23 and Capitec dropped 2.66 percent to 873.86.
MMI Holdings was off 1.96 percent to R20 after earlier reporting diluted core headline earnings of R3.2 billion for the year to end-June.
In retailers, Truworths declined 2.18 percent to R81.25, TFG lost 1.51 percent to R145.06 and Shoprite dropped 3.38 percent to R213.52.
The National Credit Regulator (NCR) earlier slapped Shoprite with a one-million-rand fine after it was found guilty of reckless lending.
"This judgment comes after an investigation by the NCR which revealed that Shoprite had entered into credit agreements with consumers without conducting a reasonable and objective assessment of the consumers' ability to afford the loans," NCR CEO Nomsa Motshegare said in a statement.
Food producer Pioneer Foods was off 4.43 percent to R113.05
Vodacom dropped 7.86 percent to R164.28 after disposing its shares in parent company Vodafone. Enditem
