MARKET WRAP: JSE caps a roller-coaster week on a weaker note

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Nigeria News News

The rand recovered some ground after falling to its weakest level against the dollar since early November earlier in the week

The JSE was weaker on Friday, capping a roller-coaster week during which precious metals stocks in particular came under intense selling pressure, while the rest of the market held up on balance.

The all-share index lost 1.2% to 79,271.78 on Friday as the rand recovered slightly, putting pressure on large industrial stocks and miners. The top 40 index was off 1.3%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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 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: JSE rebounds to near record high, boosted by minersWeaker rand fails to dent industrials and SA-focused stocks as investors appear to be coming to terms with higher rates
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Stocks Fall on US Consumers’ Relentless Spending: Markets WrapUS equity indexes fell after data showed that US retail sales in January jumped by the most in almost two years.
Source: dailymaverick - 🏆 3. / 84 Read more »

International Finance: Asia follows Wall Street higher in risk-on rally: markets wrapStocks in Asia rose after US shares climbed and Treasuries sold off as investors weighed fresh data that indicated further Federal Reserve tightening ahead.
Source: dailymaverick - 🏆 3. / 84 Read more »

International Finance: Asia stocks, US futures slide on hawkish Fed tone: markets wrapStocks in Asia dropped alongside US equity futures after comments by two Federal Reserve officials that they were considering 50 basis-point interest rate hikes to battle persistently high inflation.
Source: dailymaverick - 🏆 3. / 84 Read more »

WATCH: Market ReportBusiness Day TV talks to Nesi Chetty from Stanlib
Source: BDliveSA - 🏆 12. / 63 Read more »

Competition commission to conduct inquiry into fresh produce market in SA | The CitizenThe Competition Commission announced on 14 February that it will conduct a market inquiry into the Fresh Produce Market of South Africa.🍎 foodsecurity They must start at food lovers with their expired thing's CompComSA Current Prices are at toll
Source: TheCitizen_News - 🏆 6. / 75 Read more »