MARKET WRAP: JSE higher in broad-based gains, with gold miners faring best

The JSE rose on Monday, while global markets remained cautious as US President Donald Trump’s trade crackdown continues to weigh on market sentiment.

The gold index led gains on the local bourse, climbing 3.62%. The all share added 1.14% to 56,286.3 points and the top 40 1.26%.Risk aversion increased on Friday after the US announced it would impose a 5% tariff on Mexican imports in a bid to force it to stem illegal migration. Imperial slumped 5.12% to R57.10, after saying earlier it intends to write down the value of loss-making consumer packaged goods business in SA by up to R1.4bn as part of the group’s portfolio restructuring.

Taste jumped 22.22% to 11c, despite the troubled group reporting a revenue decrease of 7% to R959.5m for the year ended February. The benchmark R186 government bond had strengthened, with its yield falling 3.5 basis points to 8.4%. Bond yields move inversely to bond prices.

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 tracks weaker randThe local currency was by far the worst performing among emerging-market currencies on Tuesday, driven by global and domestic events
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE closes slightly firmer in cautious, quiet tradeGlobal events continue to drive market sentiment as investors wait for the next move in the US-China trade war
Source: TimesLIVE - 🏆 28. / 59 Read more »

MARKET WRAP: JSE closes slightly firmer in cautious, quiet tradeGlobal events continue to drive market sentiment as investors wait for the next move in the US-China trade war
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE ends higher, led by banks, as investors digest the new cabinetGlobal equities recovered a little from Wednesday’s sell-off, with banks faring best on the day, with the rand slightly firmer
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE ends higher, led by banks, as investors digest the new cabinetGlobal equities recovered a little from Wednesday’s sell-off, with banks faring best on the day, with the rand slightly firmer
Source: TimesLIVE - 🏆 28. / 59 Read more »

MARKET WRAP: JSE has its worst month since October 2018The US-China trade war continues to weigh on sentiment, as investors worry about the long-term effect the conflict will have on the global economy
Source: BDliveSA - 🏆 12. / 63 Read more »

Pepkor says market-share gains boosted half-year earningsCompetitive pricing helped bolster the clothing and merchandise business, says the group
Source: BDliveSA - 🏆 12. / 63 Read more »

Is social media becoming a pivotal piece of the market conduct puzzle?Momentum’s about-turn after its life insurance claim debacle shows that consumer opinion cannot be ignored
Source: BDliveSA - 🏆 12. / 63 Read more »

Strong labour market boosts US consumer confidenceYield on the benchmark 10-year note drops to its lowest level since October 2017
Source: BDliveSA - 🏆 12. / 63 Read more »

Strong labour market boosts US consumer confidenceYield on the benchmark 10-year note drops to its lowest level since October 2017
Source: BDliveSA - 🏆 12. / 63 Read more »