The JSE snapped a three-week losing streak on Friday, as global markets leapt on the news that talks between the US and China over their trade impasse are progressing well.
The rand also enjoyed good gains on Friday, trading more than 2% firmer at R14.7498/$ by 5.35pm. It had also strengthened 1.55% to R16.3102/€ but was flat at R18.7182/£. Gains against the pound were muted as the latter firmed against most other currencies on news that British Prime Minister Boris Johnson and his Irish counterpart Leo Varadkar were making progress towards a potential “pathway” to avoid a no-deal Brexit.
The JSE all share rose 0.84% on Friday and the top 40 0.76%. Banks led the way, up 2.54%, with financials adding 2.33%. The gold index slumped 5.13%. Resources added 0.75% with the larger diversified miners performing best. Peregrine Holdings was down 1.23% to R16.87. The company said earlier that it expects its headline earnings per share to decrease between 35% and 45%, to between 45.1c and 57.9c, in the six months to end-September.
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.
After a lonely journey, Diseko enters the nickel market at the right timeFounder and CEO of Thakadu Group tap into a market worth more than R1.6-trillion
Source: BDliveSA - 🏆 12. / 63 Read more »
WATCH | Is Africa a neglected market?SPONSORED | A panel of insurance experts focus on insurance in Africa
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: ewnupdates - 🏆 30. / 53 Read more »