The JSE pushed a little higher on Friday, lifted by improved sentiment on global markets, although overall it was a poor week for the local bourse.
Negative global sentiment overwhelmed positive local developments, including promises by the ANC of a small, accountable cabinet, as well as a signal from the Reserve Bank that its next move could be a cut. The all share closed 0.28% higher at 54,423.6 points and the top 40 0.28%. Gold miners lost 2.76% and platinums 1.04%. Banks added 0.41%.
Massmart fell 2.77% to R65.87. It said on Thursday group headline earnings may be at least 50% lower in the six-months to end June compared to the prior period.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE slips as trade war weighs on risk assetsConcern that the US-China trade war will escalate before any resolution is found is weighing on global equities, with local banks leading the losses
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE slips below 56,000 points led by NaspersThe US-China trade war pressure on both the local bourse and global equities continues, with JSE heavyweight Naspers falling more than 3% Naspers value is tied to Tencent, a Chinese company. Naspers is too big as a percentage of the JSE Top 40 for the market’s health.
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE slips below 56,000 points led by NaspersThe US-China trade war pressure on both the local bourse and global equities continues, with JSE heavyweight Naspers falling more than 3%
Source: SundayTimesZA - 🏆 47. / 51 Read more »
MARKET WRAP: Miners keep JSE lower as Sasol plunges almost 13%Positive local economic and political news helped boost sentiment a little, but corporate news was mostly negative on the day
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE drops to four-month low in broad-based lossesThe JSE suffered along with most global equity markets as the US-China trade conflict persists, with local banks faring worst on the day
Source: TimesLIVE - 🏆 28. / 59 Read more »
Cynical bid to lock down lucrative chicken marketThe affordability of meat for households will be under threat if the South African Poultry Association (Sapa) achieves its aim of having more duties imposed on chicken imports.
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Gunmen kill 19 at fish market in northeast DRCAt least 19 people were killed when gunmen attacked a fish market in northeast Democratic Republic of Congo (DRC) near Lake Albert, local officials said on Sunday.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: BDliveSA - 🏆 12. / 63 Read more »