The JSE edged higher on Tuesday, while global markets were buffeted about by news headlines around Brexit.
UK MPs are expected to vote at about 10pm South African time on Prime Minister Theresa May’s Brexit deal. Sentiment was boosted earlier by reports of concessions by the EU, but these were called into question later, and the pound weakened sharply as a result. Oil continued its push higher on Tuesday amid reports that Saudi Arabia was planning to extend deep supply cuts. A nationwide electricity blackout also continues to hobble production in that country.
MTN added 2.13% to R94.90, bolstered by an upbeat assessment of the profitability of its Nigerian division by US investment bank JP Morgan.Group Five was at 89c as news broke it would be delisted. The construction group has filed for business rescue.
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:
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: Naspers leads the JSE higherThere were few catalysts to give global markets direction, while local economic news was downbeat
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE slips as rand pushes to R14.40/$Local bourse tracks weaker world markets, despite an 18% surge by MTN, while the euro and rand slide
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE edges higher despite slip by banksAbsa leads banks lowers after disappointing the market with its results, while Naspers gains amid a bit of optimism over the US-China trade talks
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE edges higher despite slip by banksThe JSE closed a little higher on Monday, largely due to a positive performance from Naspers, while banks came under some pressure from earnings reports.
Source: TimesLIVE - 🏆 28. / 59 Read more »
MARKET WRAP: JSE falls despite better-than-expected GDP growthThe local bourse brushes off positive local economic news, with miners, retailers and industrials under the most pressure on the day
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE’s three-week winning streak endsIt was a mixed day for corporate news with positive results from MMI, while Aspen and Tongaat both crashed 28%
Source: BDliveSA - 🏆 12. / 63 Read more »
Rand slightly firmer as market eyes BrexitChina’s top central banker signals that the US and China are close to a deal on currency, but all eyes are on Tuesday’s crucial Brexit vote
Source: BDliveSA - 🏆 12. / 63 Read more »
A market darling falls to Earth🔒 For almost two decades since EOH’s inception in the late 1990s, the IT management company was a market darling. But now buffeted by corruption allegations and other bad news, its market value has collapsed. Corruption..
Source: mailandguardian - 🏆 2. / 92 Read more »