The JSE pushed to a four-month high on Tuesday, but eased off the psychologically important 57,000 point level in the afternoon, as the banking index slid.
Rand hedges fared well, however, while diversified miners extended Monday’s gains. Some miners have been boosted by a rising oil price, which earlier climbed above $68 a barrel for the first time in 2019. Oil has risen on continued pledges of production cuts by Saudi Arabia, while Venezuelan production continues to fall as a political crisis unfolds in that country.
Ascendis slumped 11.56% to R3.98, extending Monday’s 4.66% fall, when it reported that normalised HEPS fell 6% in the six months to end-December.
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: Miners lead the JSE higher despite Brexit issuesUncertainty over Brexit has weighed on sentiment, although miners gained from safe-haven interest in gold and a rising oil price
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE climbs 1% led by NaspersMeanwhile, the oil price remains elevated by promises of extended production cuts by Saudi Arabia, the world's largest exporter
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE marginally weaker after gloomy dataThe JSE closed a little lower on Thursday, as gloomy local and international data weighed on sentiment, and shares reacted to a weaker rand.
Source: TimesLIVE - 🏆 28. / 59 Read more »
MARKET WRAP: JSE marginally weaker after gloomy dataSome UK-focused shares benefit from a surge in the pound, but the JSE is flat amid pressure on retailers, which offset gains by platinum miners
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE tracks most major global markets firmerGold and platinum shares rise after labour court disallows sympathy strike in the sectors
Source: BDliveSA - 🏆 12. / 63 Read more »
Absa regains some market share in retail bankingAbsa says it expects to be able to maintain its momentum in lending, despite the entrance of new players, such as TymeBank, Bank Zero and Discovery Bank
Source: BDliveSA - 🏆 12. / 63 Read more »
MICHAEL FRIDJHON: Champagne market reeling from cheap ProseccoProsecco now dwarfs Champagne, decimating what used to be pretty much a French monopoly
Source: BDliveSA - 🏆 12. / 63 Read more »