Standard Bank’s peers in the index for bank stocks retreated 0.53%, also pulled lower by the weaker rand
- Nedbank Group fell 0.98%, FirstRand -0.86, Absa -0.73%
BHP Group dropped 1.81% to lead the gauge of mining stocks lower, with index falling 1.43% to the lowest in more than a week.
- Anglo American fell 0.96%, Sibanye Stillwater -3.47%, Gold Fields -1.73%, AngloGold Ashanti -1.67%, Harmony Gold -2.09% and Royal Bafokeng Platinum 1.58.
Sasol fell as much as 8.74%, to the lowest since June 1, after OPEC+ warned of a precarious outlook for the oil market as a resurgent virus hits consumption.
Index heavyweight Richemont was up 2.74%. Fellow market giant Naspers gained 0.37%
Tiger Brands jumped as much as 5.3%, touching the highest since November, after being raised to overweight by Morgan Stanley.
Foreigners remained net sellers of South African stocks for a fourth consecutive session on Monday, disposing of R92 million worth of shares, according to exchange operator JSE.