The JSE edged higher on Tuesday, while global markets were buffeted about by news headlines around Brexit.
UK MPs are expected to vote at about 10pm South African time on Prime Minister Theresa May’s Brexit deal. Sentiment was boosted earlier by reports of concessions by the EU, but these were called into question later, and the pound weakened sharply as a result. Oil continued its push higher on Tuesday amid reports that Saudi Arabia was planning to extend deep supply cuts. A nationwide electricity blackout also continues to hobble production in that country.
MTN added 2.13% to R94.90, bolstered by an upbeat assessment of the profitability of its Nigerian division by US investment bank JP Morgan.Group Five was at 89c as news broke it would be delisted. The construction group has filed for business rescue.
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