The JSE closed lower on Thursday as a rally by the rand failed to lift banking stocks.
By the JSE’s close, the rand had gained 0.16% to R14.0329/$, 0.12% to R15.8333/€, and 0.1% to R17.6548/£. The euro was flat at $1,1283. The rand earlier reached a best level of R13.9566/$. “Gold shone with extreme intensity during the second quarter of 2019, rallying roughly 9% to levels not seen in more than six years, above $1435/oz. This was thanks to an environment that included ongoing global growth concerns, [problematic] geopolitics, trade tension and dollar weakness.” US markets were closed on Thursday for the Independence Day public holiday, this after the Dow reached a record high on Wednesday, while the S&P 500 came within five points of 3,000.
The JSE all share fell 0.31% to 57,829 points and the top 40 0.41%. Resources relinquished 1.01%, the platinum index 1.54% and banks 0.32%. Among the latter, Absa fell 0.72% to R169.41, Standard Bank 0.57% to R191.54, and Nedbank 0.33% to R246.89, while FirstRand was flat at R65.94.
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: Gains by gold and platinum miners fail to buoy JSETrade is cautious ahead of the US Independence Day holiday, with local banks and retailers under pressure, while gold miners shine
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »