MARKET WRAP: JSE ends higher, led by banks, as investors digest the new cabinet

The all share gained 1.28% to 55,700.6 points and the top 40 1.35%. Banks rose 3.2%, gold miners 2.65% and financials 2.59%.

Gold was up 0.38% to $1,284.59/oz and platinum 0.14% to $794.81. Brent crude had slipped 1.84% to $68.63 a barrel. Despite this rise, both consumer and producer inflation are expected to remain relatively contained for the remainder of this year, said Nedbank Group economic unit analysts. This, against the backdrop of a weak economy, should be sufficient to convince the Reserve Bank to leave interest rates on hold for an extended period, they said.Nampak gained 3.41% to R10.60, despite the company reporting that its revenue fell 4% to R8.5bn for the six months ended-March.

Россия Последние новости, Россия Последние новости

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

MARKET WRAP: JSE ends higher, led by banks, as investors digest the new cabinetGlobal equities recovered a little from Wednesday’s sell-off, with banks faring best on the day, with the rand slightly firmer
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

MARKET WRAP: JSE tracks weaker randThe local currency was by far the worst performing among emerging-market currencies on Tuesday, driven by global and domestic events
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

MARKET WRAP: JSE drops to four-month low in broad-based lossesThe JSE suffered along with most global equity markets as the US-China trade conflict persists, with local banks faring worst on the day
Источник: TimesLIVE - 🏆 28. / 59 Прочитайте больше »

MARKET WRAP: JSE recovers a little after dismal weekThe local bourse snapped a five-session losing streak on Friday, but weakened for the third week in a row amid US-China trade war concern
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

MARKET WRAP: JSE recovers a little after dismal weekThe local bourse snapped a five-session losing streak on Friday, but weakened for the third week in a row amid US-China trade war concern
Источник: TimesLIVE - 🏆 28. / 59 Прочитайте больше »

MARKET WRAP: JSE closes slightly firmer in cautious, quiet tradeGlobal events continue to drive market sentiment as investors wait for the next move in the US-China trade war
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

MARKET WRAP: JSE closes slightly firmer in cautious, quiet tradeGlobal events continue to drive market sentiment as investors wait for the next move in the US-China trade war
Источник: TimesLIVE - 🏆 28. / 59 Прочитайте больше »

Strong labour market boosts US consumer confidenceYield on the benchmark 10-year note drops to its lowest level since October 2017
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Pepkor says market-share gains boosted half-year earningsCompetitive pricing helped bolster the clothing and merchandise business, says the group
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Strong labour market boosts US consumer confidenceYield on the benchmark 10-year note drops to its lowest level since October 2017
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Nigerian government probe into MTN listing baffles the marketTelecoms giant is still dealing with that country’s auditor-general on a $2bn claim for back taxes Hahaha another shakedown The paid the first fine (bribe) , now the want more again . Shareholders paying for Nigerian corruption . Good luck with that 'investment'. Kikikikikikiki- MTN is their piggy bank.
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »