MARKET WRAP: Discovery and miners drag JSE lower

Discovery and mining companies dragged the JSE lower in mild activity on Thursday, as investors remained cautious ahead of US jobs data on Friday.

Financial services giant Discovery was the day’s biggest loser, falling the most since March 2020, down 7.8% to R121.20 after the group waived its dividend due to uncertainty created by the Covid-19 pandemic, and also flagged a possible capital raise to help fund its Chinese business. ..