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MARKET WRAP: JSE recovers a little after dismal week

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MARKET WRAP | JSE recovers a little after dismal week

The oil price also plunged during the week, falling almost 5%, although interest-rate sensitive shares including banks and retailers pushed lower despite this.

Sasol recovered 0.83% to R356.50. Earlier in the week it said that its Lake Charles project in the US would cost R1.1bn more than it previously expected.Rand hedge British American Tobacco gained 1.14% to R546.07. Ascendis Health added 0.61% to R4.93, recovering a little from Thursday's 3.54% fall. It said shortly before markets closed on Thursday that its CEO, Thomas Thomsen's, contract had been terminated with immediate effect.

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