MARKET WRAP: JSE and rand rally ahead of Moody’s decision

JSE heavyweight Naspers was 0.85% higher at R3,332.14 after reaching its best level in about seven months, of R3,363.75, earlier in the day.

Despite trading ex-dividend Old Mutual gained 2.68% to R21.87, after CEO Peter Moyo said in the company’s annual report it was confident it would reach its medium-term targets, despite fragile investor confidence. Despite having weakened significantly through the week, partly because of the Turkish lira’s decline, the rand made something of a comeback on Friday. At 5.05pm, fighting jitters ahead of Moody’s announcement, it had strengthened 0.93% to R14.4733/$. It was up 0.91% to R16.2483/€ and 1.22% to R18.8239/£.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

MARKET WRAP: JSE and rand rally ahead of Moody’s decisionJSE heavyweight Naspers was 0.85% higher at R3,332.14 after reaching its best level in about seven months earlier in the day
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

MARKET WRAP: JSE led higher by rand hedges and diversified minersGlobal sentiment improved a little after Monday’s sell-off, supporting both the dollar and the oil price
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

MARKET WRAP: Widespread losses drive JSE downGlobal equity markets remain under pressure due to concern about faltering economic growth, with local platinum miners faring worst
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

MARKET WRAP: JSE lower as precious-metal miners plungeGold and platinum miners fall amid sharp sell-off in precious metals, but a strong showing from Capitec and rand hedges offset this a little
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

MARKET WRAP: JSE posts broad-based gains, led by banksRand hedges and diversified miners fared well, while banks gained despite a 1% fall in the rand
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »