News Formal

MARKET WRAP: JSE caps best week since June on global optimism over trade

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

France Nouvelles Nouvelles

The rand has moved to comfortably below the R15/$ level, last trading at R14.74, in its best week since early September

The JSE snapped a three-week losing streak on Friday, as global markets leapt on the news that talks between the US and China over their trade impasse are progressing well.

The rand also enjoyed good gains on Friday, trading more than 2% firmer at R14.7498/$ by 5.35pm. It had also strengthened 1.55% to R16.3102/€ but was flat at R18.7182/£. Gains against the pound were muted as the latter firmed against most other currencies on news that British Prime Minister Boris Johnson and his Irish counterpart Leo Varadkar were making progress towards a potential “pathway” to avoid a no-deal Brexit.

The JSE all share rose 0.84% on Friday and the top 40 0.76%. Banks led the way, up 2.54%, with financials adding 2.33%. The gold index slumped 5.13%. Resources added 0.75% with the larger diversified miners performing best. Peregrine Holdings was down 1.23% to R16.87. The company said earlier that it expects its headline earnings per share to decrease between 35% and 45%, to between 45.1c and 57.9c, in the six months to end-September.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

After a lonely journey, Diseko enters the nickel market at the right timeFounder and CEO of Thakadu Group tap into a market worth more than R1.6-trillion
La source: BDliveSA - 🏆 12. / 63 Lire la suite »

WATCH | Is Africa a neglected market?SPONSORED | A panel of insurance experts focus on insurance in Africa
La source: BDliveSA - 🏆 12. / 63 Lire la suite »

Rand firms on improved sentiment, stocks downThe rand firmed on Wednesday as global market sentiment improved, with investors hopeful that a trade agreement can be reached between United States and China.
La source: ewnupdates - 🏆 30. / 53 Lire la suite »