Despite pressure on the local market, a recovering oil price and news that the Chinese would proceed with trade talks this week helped support local retailers and some miners.
The all share fell 1.05% to 58,712.8 points and the top 40 lost 1.31%. Industrials fell 1.54% and banks 1.48%. Platinums added 1.31% and property stocks 0.97%. At the same time the Dow was down 1.01% to 26,234.52 points, while in Europe, the CAC 40 had lost 1.43% and the DAX 30 1.41%. Domestic markets had priced in much of the bad news, but the election may not provide clear answers, said Old Mutual Investment’s stable growth fund manager John Orford. While it may give some indication as to Ramaphosa’s support, it is less likely to give a clear idea of the balance of power between Ramaphosa and the populist faction within the ANC, he said.
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 slips in risk-off trade as Naspers leads lossesInvestors are wary after an increase in US-China trade tension, with the Shanghai Composite experiencing its worst day in over three years
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE slips ahead of data-heavy weekVolumes on the local bourse were low on Monday, ahead of a busy week in terms of global economic news, as well as Wednesday's public holiday
Source: TimesLIVE - 🏆 28. / 59 Read more »
MARKET WRAP: JSE pushes higher for fifth month in a rowThe local bourse closed a little lower on Tuesday, but ended April 3.66% up, with its monthly winning-streak the longest in five years
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE pushes higher for fifth month in a rowThe local bourse closed a little lower on Tuesday, but ended April 3.66% up, with its monthly winning-streak the longest in five years
Source: TimesLIVE - 🏆 28. / 59 Read more »
MARKET WRAP: Banks and financials gain despite fall in randThe all share gained 0.37% and the top 40 0.42% with banks and financials standing out as the biggest contributors
Source: TimesLIVE - 🏆 28. / 59 Read more »
MARKET WRAP: Rand biggest gainer among emerging marketsThe JSE had a good day, with the all share rising to 59,335.9 points, with platinum miners leading the way
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: Rand biggest gainer among emerging marketsThe JSE had a good day, with the all share rising to 59,335.9 points, with platinum miners leading the way
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »