SA stocks lose nearly R1-trillion in longest slide since 2018

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Joburg benchmark erases last of its gains for 2023

A global slump in stocks dragged SA’s benchmark equity index lower for a seventh day on Wednesday, the longest losing streak for the market since October 2018.

The FTSE/JSE Africa all share index fell as much as 3.2%, its sharpest intraday drop in more than eight months. The benchmark index’s slump has wiped about R1-trillion off the value of stocks during its seven-day slide. The gauge has also erased the last remaining gains it had posted for this year...

 

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SA stocks slide in longest losing streak since 2018A global slump in stocks dragged South Africa’s benchmark equity index lower for a seventh day on Wednesday, the longest losing streak for the market since October 2018. Moneyweb Stocks We are on a free fall, nosedive, gliding, bungee jumping, sky diving_ and I will enjoy it to the fullest 🤦🏽‍♂️🙆🏽‍♂️🤷🏽‍♂️
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