* Top-40 down 0.17 percent at 42,880.77
* All-share off 0.12 percent at 47,394.00
JOHANNESBURG Feb 24 South African stocks ended
slightly lower on Monday, weighed down by mining shares as
worries about an economic slowdown in China pointed to reduced
demand for industrial metals.
China is the biggest consumer of industrial metals such as
copper, whose price fell to its lowest in more than two weeks.
"A slowdown in China doesn't bode well for the metals demand
outlook, hence we're seeing a pull-back in resource stocks,"
said Evan Giannakis, an equity trader at Imara SP Reid.
Mining heavyweight Anglo American lost 2.8 percent
at 275.95 rand and rival BHP Billiton fell 2.6 percent
to 352.50 rand - both topping the decliners' list on the JSE
The blue-chip index inched down 0.17 percent to
close at 42,880.77 while the broader All-share index
edged 0.12 percent lower to 47,394.00.
But banks kept the downside momentum in check after Nedbank
beat estimates with a 15 percent increase in annual
profit and raised optimism about the outlook for the sector.
Nedbank rallied 3.22 percent to 209.30 rand, Standard Bank
jumped 4.74 percent to 124.12 and FirstRand
climbed 3.91 percent to 34.05 rand.
Advancers outnumbered decliners 153 to 149 while 59 stocks
were unchanged with about 184 million shares changing hands.
(Reporting by Tiisetso Motsoeneng; Editing by Stella