MARKET WRAP: JSE and rand rally ahead of Moody’s decision

The JSE rallied on Friday ahead of Moody’s Investors Service’s pronouncement on SA’s credit rating, expected later in the evening, on renewed trade optimism between the world’s two largest economies.

The JSE all share rose 0.72% to 56,462.6 points while the top 40 was up 0.74%. Platinums gained 1.04% and banks 1.41%, while resources gave up 0.22% and gold miners 0.96%. Despite trading ex-dividend Old Mutual gained 2.68% to R21.87, after CEO Peter Moyo said in the company’s annual report it was confident it would reach its medium-term targets, despite fragile investor confidence.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

MARKET WRAP: JSE led higher by rand hedges and diversified minersGlobal sentiment improved a little after Monday’s sell-off, supporting both the dollar and the oil price
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

MARKET WRAP: Widespread losses drive JSE downGlobal equity markets remain under pressure due to concern about faltering economic growth, with local platinum miners faring worst
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

MARKET WRAP: JSE flat as gloomy global data dents sentimentEuropean markets see sharp losses after disappointing eurozone data, but some local stocks push higher anyway Fueled by Eskom.
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

MARKET WRAP: JSE lower as precious-metal miners plungeGold and platinum miners fall amid sharp sell-off in precious metals, but a strong showing from Capitec and rand hedges offset this a little
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

MARKET WRAP: JSE posts broad-based gains, led by banksRand hedges and diversified miners fared well, while banks gained despite a 1% fall in the rand
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »