JSE falls 1.1% as FirstRand and Sanlam weigh, while Capitec advances

The JSE All Share fell 1.06% to 117888.93 on May 8, while the Top 40 dropped 1.10% to 110096.09. FirstRand weighed after a Citi downgrade, and Sanlam slipped on strategic moves, according to AD HOC NEWS. Capitec countered part of the weakness after reporting a 23% rise in headline earnings and a client base of 26 million, also according to AD HOC NEWS. In resources, Sibanye-Stillwater priced an oversubscribed $500 million notes offering and posted stronger earnings, Mining Weekly reported, while Kumba Iron Ore released its latest results and outlook, according to AD HOC NEWS.