MARKET WRAP: JSE recovers a little after dismal week

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Malaysia News News

The local bourse snapped a five-session losing streak on Friday, but weakened for the third week in a row amid US-China trade war concern

The JSE pushed a little higher on Friday, lifted by improved sentiment on global markets, although overall it was a poor week for the local bourse.

Negative global sentiment overwhelmed positive local developments, including promises by the ANC of a small, accountable cabinet, as well as a signal from the Reserve Bank that its next move could be a cut. The all share closed 0.28% higher at 54,423.6 points and the top 40 0.28%. Gold miners lost 2.76% and platinums 1.04%. Banks added 0.41%.

Massmart fell 2.77% to R65.87. It said on Thursday group headline earnings may be at least 50% lower in the six-months to end June compared to the prior period.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE slips as trade war weighs on risk assetsConcern that the US-China trade war will escalate before any resolution is found is weighing on global equities, with local banks leading the losses
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE slips below 56,000 points led by NaspersThe US-China trade war pressure on both the local bourse and global equities continues, with JSE heavyweight Naspers falling more than 3% Naspers value is tied to Tencent, a Chinese company. Naspers is too big as a percentage of the JSE Top 40 for the market’s health.
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE slips below 56,000 points led by NaspersThe US-China trade war pressure on both the local bourse and global equities continues, with JSE heavyweight Naspers falling more than 3%
Source: SundayTimesZA - 🏆 47. / 51 Read more »

MARKET WRAP: Miners keep JSE lower as Sasol plunges almost 13%Positive local economic and political news helped boost sentiment a little, but corporate news was mostly negative on the day
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE drops to four-month low in broad-based lossesThe JSE suffered along with most global equity markets as the US-China trade conflict persists, with local banks faring worst on the day
Source: TimesLIVE - 🏆 28. / 59 Read more »

Cynical bid to lock down lucrative chicken marketThe affordability of meat for households will be under threat if the South African Poultry Association (Sapa) achieves its aim of having more duties imposed on chicken imports.
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Gunmen kill 19 at fish market in northeast DRCAt least 19 people were killed when gunmen attacked a fish market in northeast Democratic Republic of Congo (DRC) near Lake Albert, local officials said on Sunday.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Open up the barriers to market entry for SMEs, for that way economic growth liesIn keeping with global trends of adopting new technologies, it is in the interest of the wider economy to promote greater inclusion, writes Thando Vilakazi
Source: BDliveSA - 🏆 12. / 63 Read more »