South African stocks ended slightly lower on Monday, breaking a three-session winning run, with miners taking the most points off the index as metal prices tumbled.
Commodities prices slumped on Monday, with some hitting multi-year lows on worries about a glut of supply facing weak demand in China after factory activity in the world’s top consumer of raw materials shrank more than expected last month.
Bourse heavyweight Anglo American lost 5.93% to R150.39 and rival BHP Billiton dropped 2.9% to R225.41.
The blue-chip JSE Top-40 index was down 0.94% at 46,120 and the broader All-index fell 0.81% to 51,629.
For the rest of the week, investors are expected to keep a sharp eye on economic data for clues regarding the timing of the first US rate increase in nearly a decade.
“The week ahead is all about jobs, the market will hold its breath to see if strong jobs numbers will result in an interest rate increase in September,” brokerage house Vestact said in a note.
The US non-farm payrolls employment figures are due on Friday.
Nedbank gained 2.16% to R257.91 ahead the lender’s first-half results on Tuesday. Rival Capitec Holdings was up 3.17% at R480.49.
Overall trading volume on the exchange was slow with 178 million shares changing hands, below last year’s daily average of 183 million shares.