The JSE slipped on Wednesday, snapping a three-day winning streak, as the trade war between the US and China weighed on global markets.
The all share gave back 1.24% to 56,145.7 points and the top 40 lost 1.28%. General retailers lost 2.61%, banks 1.75% and industrials 1.37%. The platinum index added 1.46%. Platinum miners continue to benefit from a rising palladium price, which has been hit by supply concerns due to reports Russia is considering export restrictions on some sources of the metal.
Retail sales data was slightly better than expected, growing 1.2% year on year in January compared to market expectations of 1.1% growth. Retail sales had registered a shock 1.4% fall in December, while the market had expected growth of 2.7%.
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:
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: Miners lead the JSE higher despite Brexit issuesUncertainty over Brexit has weighed on sentiment, although miners gained from safe-haven interest in gold and a rising oil price
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE marginally weaker after gloomy dataThe JSE closed a little lower on Thursday, as gloomy local and international data weighed on sentiment, and shares reacted to a weaker rand.
Source: TimesLIVE - 🏆 28. / 59 Read more »
MARKET WRAP: JSE marginally weaker after gloomy dataSome UK-focused shares benefit from a surge in the pound, but the JSE is flat amid pressure on retailers, which offset gains by platinum miners
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE tracks most major global markets firmerGold and platinum shares rise after labour court disallows sympathy strike in the sectors
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE climbs 1% led by NaspersMeanwhile, the oil price remains elevated by promises of extended production cuts by Saudi Arabia, the world's largest exporter
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: Miners help JSE limp higher as banks slumpThe local bourse climbs above 57,000 points for the first time since September, but gains are pared after warnings of continued load-shedding
Source: BDliveSA - 🏆 12. / 63 Read more »
Moneyweb to report Ayo to JSE for Companies Act contraventionCompanies are required to be transparent and accountable, but that doesn't seem to be the case with the controversial Ayo Technology Solutions.
Source: TheCitizen_News - 🏆 6. / 75 Read more »