MARKET WRAP: JSE extends losses as coronavirus spreads

The JSE finished lower for a second consecutive day on Tuesday as fears over the coronavirus continue to weigh on investor sentiment.

Japanese economy minister Yasutoshi Nishimura warned on Tuesday that corporate profits and factory production might take a hit from the virus, with its effect having rattled global markets and “chilled” confidence. “We think it is better to wait for the rise in the number of cases [from the virus] to slow before getting positive about the markets again,” said London Capital Group head of research Jasper Lawler.

Lewis, one of SA’s largest furniture brands, saw its share price increase as much as 10% in intra-day trade, following more than a week of daily losses, after it issued a strong third-quarter trading update, largely thanks to Black Friday shopping. It reported that sales for the third quarter to end December grew by 6.9%. By the close its shares were up 3.04% to R30.55.Shares in Cell C’s largest shareholder Blue Label Telecoms plummeted 13.52% to R2.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Oil prices down for sixth day as virus spread worries marketJapan also warns of economic risks from the China virus but Opec says it can help curb losses, despite Libyan outage Sorry to say this, but this is something eskom can cash in on
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »

Stocks tumble as virus toll climbsCoronavirus outbreak is an 'unexpected risk factor' for markets, analysts say
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »

SA government warns citizens travelling to China to be well informed about coronavirus - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Department of International Relations and Corporation has advised South Africans travelling to China to be well informed about the implications of the rapidly spreading coronavirus. The traveller's area much more smarter than their government 😂🤣🤣🤣😠😱 What about the ones who have just come back from holidays ..our stupid government always worrying about what goes out of the country and not what comes in. I'm no longer drinking corona
Sumber: SABC News Online - 🏆 32. / 51 Baca lebih lajut »

Bali to Bangkok: China virus threatens disaster for tourist hot spots - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The colourful dances of Bali's annual Kintamani Festival have fallen victim to coronavirus and travel restrictions to halt its spread could prove costly for other places that rely on Chinese tourists.
Sumber: SABC News Online - 🏆 32. / 51 Baca lebih lajut »

Virus sell-off could offer a chance to buy stocksHistory shows stocks will rebound further than they fall during coronavirus scare, strategists say
Sumber: BDliveSA - 🏆 12. / 63 Baca lebih lajut »