Resources once again under performed, which heavily impacted the market. The Resource 20 index was down 6.22% for the week. Major decliners included Impala (-10.14%), Amplats (-9.96%), Sasol (-8.12%) and Naspers (-7.13%). Therefore not much good news as only 4 constituents of the FTSE/JSE Top 40 index closed positively.
Resources continued their decline last week with Sasol suffering the impact of the ongoing slide in the oil price. Sasol was one of the worst performing shares with a drop of 7.46%; while the resource index dropped 2.84% and the Gold Mining Index declined 0.15%.