MARKET WRAP: Miners keep JSE lower as Sasol plunges almost 13%

The JSE pushed higher on Wednesday, led by banks, as positive local political and economic news took some risk out of domestic risk assets.

Economic news was also good, with inflation slowing to 4.4% year on year in April, slightly below market expectations. The all share fell 0.53% to 55,231.1 points and the top 40 0.59%. Food and drug retailers gained 1.5% and banks 1.21%. The resources index slipped 2.41%. Rebosis plunged 14.55% to 94c. It said earlier that it had swung into a loss for the six-months toe end-February, largely due to a R2bn write down of its assets in the UK.

Россия Последние новости, Россия Последние новости

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

MARKET WRAP: Poor economic data pushes JSE to six-week lowEbbing fears about the US-China trade war failed to lift the local bourse, with Naspers falling after authorities blocked its bid to buy WeBuyCars
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

MARKET WRAP: JSE slips below 56,000 points led by NaspersThe US-China trade war pressure on both the local bourse and global equities continues, with JSE heavyweight Naspers falling more than 3%
Источник: SundayTimesZA - 🏆 47. / 51 Прочитайте больше »

MARKET WRAP: JSE slips below 56,000 points led by NaspersThe US-China trade war pressure on both the local bourse and global equities continues, with JSE heavyweight Naspers falling more than 3% Naspers value is tied to Tencent, a Chinese company. Naspers is too big as a percentage of the JSE Top 40 for the market’s health.
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

MARKET WRAP: JSE closes higher despite US-China strifeThe all share was up 0.88% with resources leading the gains, up 1.08%; the top 40 rose 0.97%
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

MARKET WRAP: JSE slips as trade war weighs on risk assetsConcern that the US-China trade war will escalate before any resolution is found is weighing on global equities, with local banks leading the losses
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

MARKET WRAP: JSE closes higher despite US-China strifeThe all share was up 0.88% with resources leading the gains, up 1.08%; the top 40 rose 0.97%
Источник: TimesLIVE - 🏆 28. / 59 Прочитайте больше »

Gunmen kill 19 at fish market in northeast DRCAt least 19 people were killed when gunmen attacked a fish market in northeast Democratic Republic of Congo (DRC) near Lake Albert, local officials said on Sunday.
Источник: TimesLIVE - 🏆 28. / 59 Прочитайте больше »

Cynical bid to lock down lucrative chicken marketThe affordability of meat for households will be under threat if the South African Poultry Association (Sapa) achieves its aim of having more duties imposed on chicken imports.
Источник: SundayTimesZA - 🏆 47. / 51 Прочитайте больше »

Vietnam eyes US avocado market as Mexico loses outAvocados could be a high export earner for Vietnam, according to a government statement
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Rand leads emerging-market currencies in mild risk-on tradeInvestors await further developments in the US-China trade war, but the local currency is still benefiting from positive post-election sentiment
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Open up the barriers to market entry for SMEs, for that way economic growth liesIn keeping with global trends of adopting new technologies, it is in the interest of the wider economy to promote greater inclusion, writes Thando Vilakazi
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »