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MARKET WRAP: Richemont leads losses on the JSE

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Luxury goods group has its worst day in at least 22 years after flagging a global environment that is the “most unsettled” it has experienced for a number of years

Industrial heavyweight Richemont led the losses on the JSE, while global markets were mixed as investors fretted about a weakening economic outlook amid high inflation.

The industrial index was the worst performer led by a sharp decline in Richemont after the company announced that it will suspend commercial activities in Russia...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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