MARKET WRAP: JSE closes higher and rand firms on repo rate cut

Soon after the JSE closed, the rand had strengthened 0.92% to R13.8833/$, 0.95% to R15.5799/€, and 0.49% to R17.3361/£. The euro was flat at $1,1223.

The JSE all share rose 0.41% to 57,872.50 points and the top 40 0.33%. Platinum miners climbed 3.63% and the gold mining index 3.18%. Anglo American Platinum climbed 3.42% to R810, despite reporting on Thursday that platinum group metal production for its own-managed mines decreased by 4% to 633,600 ounces.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE weakens as global sentiment soursDonald Trump’s tariff threats against China spoils the mood on the day, with upbeat local data failing to lift local equities
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE closes higher and rand firms on repo rate cutThe Reserve Bank monetary policy committee voted unanimously to cut interest rates by 0.25 percentage points to 6.5%
Source: BDliveSA - 🏆 12. / 63 Read more »

Samsung steps up efforts to keep supplying microchip marketSamsung Electronics and SK Hynix turn to domestic suppliers for vital chemical after Japanese export controls threaten to disrupt global microchip market
Source: BDliveSA - 🏆 12. / 63 Read more »

Emerging-markets stocks fall on US-China trade tensionsThe rand slipped 0.2% ahead of the Reserve Bank’s rate decision
Source: BDliveSA - 🏆 12. / 63 Read more »

SA property market sees upswing in homebuyers after elections – LeadhomeDespite current concerns around South Africa's economic growth, property still provides a solid investment.
Source: TheCitizen_News - 🏆 6. / 75 Read more »