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MARKET WRAP: JSE gains while rand has worst month in six

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China said on Friday that its negotiators and those from the US are maintaining ‘effective communication’ ahead of their talks on trade

The JSE closed in positive territory on Friday, capping its best week in 12 as global markets cheered more good news in the protracted US-China trade war.

Shortly after the JSE closed, the rand had firmed 0.71% to R15.2182/$, 1.27% to R16.7321/€, and 0.76% to R18.5335/£. The euro had weakened 0.56% to $1.10995. Earlier, the Shanghai Composite fell 0.16% while Hong Kong’s Hang Seng was flat, and Japan’s Nikkei 225 rose 1.19%. Balwin Properties rose 4.09% to R2.80 after it said on Friday that its revenue growth is expected to increase by approximately 18% for the six months to end-August.

 

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