MARKET WRAP: JSE slips below 56,000 points led by Naspers

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MARKET WRAP | JSE slips below 56,000 points led by Naspers

The all share lost 1.01% to 55,617 points and the top 40 fell 1.06%. Platinums fell 2.07%, industrials 1.67% and general retailers 0.85%. Banks added 0.34% and gold miners 1.25%.

Some local focus is also on domestic politics, with investors cautious ahead of the announcement of President Cyril Ramaphosa’s new cabinet. Earlier, Eskom said its unaudited debt to end-March stood at R440bn, of which R273bn is government guaranteed. Barloworld added 1.83% to R128.75, after saying that its headline earnings per share increased 14.1% for the six months ended March.

 

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