MARKET WRAP: JSE closes lower as global risk factors persist

The JSE closed lower on Monday as investors kept an eye on global risk factors amid growing concern about the effect of the US-China trade war on global growth.

Shortly after the JSE closed, the rand had weakened 0.46% to R15.3424/$, 0.68% to R17.2206/€ and 0.66% to R18.5287/£. The euro had strengthened 0.24% to $1.1226. The Dow was down 1.02% to 26,018.11 points. In Europe, the FTSE 100 had lost 0.17% and France’s CAC 40 0.11%, while Germany’s DAX 30 was flat.The JSE all share fell 0.29% to 55,371.50 points and the top 40 0.22%. Banks lost 1.03% and financials 1.28%.

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There is a growing list of stocks falling to new lows on the JSEAt least 30 shares have hit their worst level in a year, across several sectors, as the stagnant SA economy takes its toll Dear BusinessDay. This logo is at least 5 years out of date. Wakey Wakey
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