MARKET WRAP: JSE rebounds to near record high, boosted by miners

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Indonesia Berita Berita

Weaker rand fails to dent industrials and SA-focused stocks as investors appear to be coming to terms with higher rates

The JSE rallied strongly on Thursday as big diversified miners in particular rebounded from the sharp sell-off the previous day, helped in part by stability in commodity prices.

The rand was nearly 1% weaker at R18.15/$, the lowest level since early November, according to Infront data and is down a hefty 20% year on year. Initial considerations on Vodacom range from merging the business with other operators or divesting some assets in certain markets, to even selling a stake in the company, Bloomberg News reported, citing people familiar with the matter.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 12. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

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

5 JSE stocks investors have eyes on right nowHere are five local stocks South African experts have chosen as their stock picks for February 2023.
Sumber: BusinessTechSA - 🏆 24. / 61 Baca lebih lajut »

International Finance: Asia stocks, US futures fall after hot CPI print: markets wrapAsian stocks and US equity futures fell on Wednesday as investors weighed hot American inflation data and mixed commentary from central bankers on the outlook for interest rates.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »

Business Maverick: Stocks Fall on US Consumers’ Relentless Spending: Markets WrapUS equity indexes fell after data showed that US retail sales in January jumped by the most in almost two years.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »

International Finance: Asia follows Wall Street higher in risk-on rally: markets wrapStocks in Asia rose after US shares climbed and Treasuries sold off as investors weighed fresh data that indicated further Federal Reserve tightening ahead.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »

Egypt currency devaluation creates equity-market winners, EFG Hermes saysThe latest devaluation of the Egyptian pound creates openings for investors in the stock market, with companies which generate foreign revenues likely to benefit, says Simon Kitchen, head of macro strategy at EFG Hermes.
Sumber: TheAfricaReport - 🏆 29. / 55 Baca lebih lajut »