MARKET WRAP: JSE slips in risk-off trade as Naspers leads losses

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.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

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
Источник: TimesLIVE - 🏆 28. / 59 Прочитайте больше »

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
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

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
Источник: TimesLIVE - 🏆 28. / 59 Прочитайте больше »

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
Источник: TimesLIVE - 🏆 28. / 59 Прочитайте больше »

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
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

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
Источник: TimesLIVE - 🏆 28. / 59 Прочитайте больше »

Business Maverick: Yuan Plunges, U.S. Stock Futures Drop on Trade War: Markets WrapChina’s yuan plunged the most in more than three years and equity markets were roiled after President Donald Trump’s threat to increase tariffs on Chinese imports cast a cloud over talks this week that were expected to finalize a trade deal.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »