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JSE posts small gains as financial services stocks rise

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Global markets are mixed with reports that the US and China could announce a trade deal by next Friday

Financial services stocks helped push the JSE slightly higher on Thursday morning, amid mixed trade in global markets, as investors shifted their attention to trade negotiations.

At 11am, the JSE all-share index was 0.26% higher at 58,682 points, with the top-40 index up 0.27%. Financials had gained 1.25%, while resources and property stocks were lower. Steinhoff, which said after the market closed on Tuesday thatit would impair goodwill and intangible assets for the period to September 2017 by an additional €1.8bn, was 4.88% lower at R1.95.

 

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