Local news also provided some eye-catching activity on the day.
The all share fell 0.66% to 55,488.8 points and the top 40 lost 0.87%. Industrials lost 0.99% and the resources index 1.17%. Gold miners gained 3.08%, general retailers 1.48%, platinums 1.13% and banks 0.75%.International economic news was downbeat. US nonfarm payrolls data came in well below expectations, with employers adding just 20,000 jobs in February, while the market had expected 180,000. This is, however, the 101st straight months of jobs growth in the world’s largest economy.
Locally, both President Cyril Ramaphosa’s reiteration of the ANC’s plans to nationalise the Reserve Bank, as well as news of electricity tariff increases that are well above inflation, also served as headwinds for the local currency, analysts said.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
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SARB nationalisation alarms market, sinks rand | IOL Business ReportThe domestic currency immediately weakened, giving up earlier gains as a consequence and was trading at R14.34 to the US dollar at around 3:30pm. But it is nationalised. This whole thing is so stupid smh. CR is behaving worse than the flip-flop party. The same as ZUMA the same shit ,the same corruption THE SAME GANGSTER
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Don’t rule out SA as a favourite emerging marketThere are political and institutional positives, and when stacked up against its peers, the country may be the least dirty shirt on the line, write Ronak Gopaldas and Shaun Hewitson
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