The JSE closed higher on Wednesday with miners leading gains, while some global equity markets remained under pressure as concerns about economic growth continue to spook investors.
Soon after the JSE closed, the rand had firmed 0.24% to R18.7666/£, while it had weakened 0.23% to R15.3366/$ and 0.12% to R16.9985/€. The euro was flat at $1.1083. Locally, National Treasury’s plan to boost GDP growth, announced on Tuesday night, was seen as market boosting. Chief economist at Old Mutual Investment Group Johann Els said the plan is “generally positive and should be viewed positively by the markets. The ideas contained in the report are mostly pragmatic, given it is not too ambitious and, at the same time, not overly contentious.”
Dis-Chem Pharmacies rose 0.67% to R20.89. The company said earlier that its retail revenue increased by 12% to R9bn in the five months to end-July.
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
GROUNDUP: Generations of Cape Town flower traders cut it in the city marketGROUNDUP: Generations of Cape Town flower traders cut it in the city market By Tariro Washinyira
Weiterlesen »
JSE faces mixed start on Wednesday amid slew of company resultsOngoing US-China trade row leaves global markets struggling for direction
Weiterlesen »