MARKET WRAP: Naspers and Prosus drag JSE lower

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Nigeria News News

Sluggish revenue outlook from Chinese tech giant Tencent sparks selling of the local market’s two biggest companies

Sluggish revenue outlook from Chinese tech giant Tencent sparks selling of the local bourse’s two biggest companiesBig declines in Naspers and Prosus dragged the JSE lower on Wednesday while the rand hovered around five-month highs with

Tencent’s main rival, Alibaba, also delivered its slowest top-line growth on record in the December quarter, Bloomberg reported. “The Federal Reserve has recently given a fairly positive assessment and optimistic outlook for the US economy .”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Considering the amount of time I have spent in bitcoin and stock I think I prefer Bitcoin over stock, Bitcoin is a better side income I'm having a wonderful crypto journey with MarkdonaldTowns.

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 NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

MARKET WRAP: Bonds recover some ground after big initial sell-offFed’s unexpectedly hawkish comments on inflation spook investors, though the rand holds stready below R15/$
Source: BDliveSA - 🏆 12. / 63 Read more »

Banks, energy and mining lead Asian market gainsInvestors brace for US rate hikes and war disrupting oil supplies
Source: BDliveSA - 🏆 12. / 63 Read more »

How market state innovations could ease Ukraine’s sufferingThe West could leverage NGOs, global courts and corporate entities to fight Russia in ways nation states can’t
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Market data — March 21 2022Market data including bonds and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »