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JSE edges higher as market waits for Brexit clarity

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The local bourse is likely to end a two-week winning streak on Friday, as investors wait for further Brexit developments

The JSE was a little higher on Friday morning, but still on track for a weekly loss, as investors waited for further Brexit developments.

The EU is set to announce its decision on the UK's request for a Brexit extension in coming days. UK Prime Minister Boris Johnson is pushing for a general election on December 12, although this seemingly does not yet have support within parliament.

At 9.05am the JSE was up 0.28% to 55,631.6 points and the top 40 0.3%. Gold miners were up 1.57% and food and drug retailers 0.58%. Gold was up 0.16% to $1,505.67/oz and platinum 0.89% to $930.25. Brent crude was flat at $61.50 a barrel.Rand hedge British American Tobacco was down 1.02% to R510.07 while Richemont rose 1.09% to R110.01.

 

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