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MARKET WRAP: JSE tracks weaker Asian market and Truworths surges

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Shares in petrochemical producer Sasol fell for the fourth day running as it prepares to execute a rights issue to pay down its debt pile

The JSE ended weaker on Wednesday, with Sasol falling for the fourth day running while Truworths gained the most after releasing a better-than-expected trading statement.

Shares in the clothing retailer made their biggest gain in more than two months despite the group announcing it had further written down its investment in UK shoe chain Office by about R2.8bn, as it grapples with the fallout from the Covid-19 pandemic.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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