MARKET WRAP: JSE remains flat as miners gain and banks fall

The JSE fell on Wednesday, with Naspers posting a sharp drop following the separate listing of its pay-TV service.Naspers fell 3.98% to R3,017, giving up about R53bn of its market capitalisation.

The all share rose 0.1% to 56,298 points while the top 40 fell 0.02%. Banks lost 0.87% and industrials 0.23%. Platinums added 1.8% and the resources index 1.34%. Economic news expected to be released on Thursday includes producer inflation, as measured by the annual change in the producer price index. PPI is expected to rise 5% in January, according to a consensus on macroeconomics website Trading Economics.

Business Business Latest News, Business Business Headlines

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

MARKET WRAP: JSE pushes above 56,000 points, led up by platinumsPressure on the oil price has provided some support for retailers and banks, with platinum miners leading the gains, amid concern that the metal is entering bubble territory
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE rises nearly 1%, buoyed by retailersOngoing trade talks have boosted sentiment while the market continues to digest the implications of the 2019 budget
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: Asian stock surge fails to lift JSEMiners led the local bourse lower, despite the Shanghai composite jumping 5.6% on Monday, its best day in three years
Source: BDliveSA - 🏆 12. / 63 Read more »

Discovery partner in China's huge market is in robust healthDiscovery entered the health insurance market in China in 2010 when it acquired a 25% stake in a subsidiary of one of China's biggest insurance companies, Ping An Health
Source: SundayTimesZA - 🏆 47. / 51 Read more »

'Please try next week' - rocky start as new Zim currency hits the marketMost banks in Zimbabwe were not selling US dollars to individuals holding RTGS (real-time gross settlement) dollars on the first day of trading, with numerous bank employees saying it simply does not make business sense.
Source: TimesLIVE - 🏆 28. / 59 Read more »