MARKET WRAP: Resources drag JSE lower

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Australia News News

Bourse gives up most of the previous day’s gains after mining companies were hit by weaker commodity prices

The JSE surrendered most of the previous day’s gains on Wednesday, with resource shares in particular under renewed pressure in line with weaker metal prices.

While the losses were offset to some extent by firmer big industrial companies, the all share index gave up 0.75% to settle at 70,967.35 points, after a gauge of the big diversified resources lost 3.30% and the precious metals and mining index shed 2.26%...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE books its highest close since late May, boosted by minersSanlam Wealth sees further upside for resources, boosted by China’s economic stimulus amid easing of Covid-19 Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Allison_Grillo and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Allison_Grillo.
Source: BDliveSA - 🏆 12. / 63 Read more »

Market Watcher: Markets going nowhere …[MARKET WATCHER] Fund manager Makwe Masilela looks at the JSE_Group & global markets not seeing any movement, slow growth in China, & results from AbsaSouthAfrica & Thungela. SAfmRadio MarketUpdate with FifiPeters Moneyweb Listen here:
Source: Moneyweb - 🏆 5. / 77 Read more »

Business Maverick: Stocks in Asia come off highs on growth worries: markets wrapConcerns about a darkening economic outlook amid high inflation and tightening monetary policy hampered stocks in Asia on Wednesday.
Source: dailymaverick - 🏆 3. / 84 Read more »