MARKET WRAP: JSE closes lower as rand strength fails to lift banking stocks

“Gold shone with extreme intensity during the second quarter of 2019, rallying roughly 9% to levels not seen in more than six years, above $1435/oz. This was thanks to an environment that included ongoing global growth concerns, [problematic] geopolitics, trade tension and dollar weakness.” US markets were closed on Thursday for the Independence Day public holiday, this after the Dow reached a record high on Wednesday, while the S&P 500 came within five points of 3,000.

By 6pm on Thursday, the FTSE 100 and France’s CAC 40 were flat, while Germany’s DAX 30 had gained 0.11%. Earlier, the Shanghai Composite fell 0.33% and Hong Kong’s Hang Seng 0.21%, while Japan’s Nikkei gained 0.3%. The JSE all share fell 0.31% to 57,829 points and the top 40 0.41%. Resources relinquished 1.01%, the platinum index 1.54% and banks 0.32%. Among the latter, Absa fell 0.72% to R169.41, Standard Bank 0.57% to R191.54, and Nedbank 0.33% to R246.89, while FirstRand was flat at R65.94.

Platinum miners Royal Bafokeng fell 6.06% to R33.30, Anglo American Platinum 1.98% to R805.48, Northam 1.38% to R61.30, and Impala 0.79% to R73.21. said it had completed the acquisition of a 65% stake in LiebenLogistic,s and 51% of GLS Supply Chain Equipment. Comair gained 3.49% to R3.85, despite the commercial airline company saying earnings per share and headline earnings per share for the financial year ending June 2019 are expected to be more than 20% lower than the previous corresponding period. after the building and materials company said on Wednesday that it would not proceed with the R2.1bn acquisition of Australia-listed Universal Coal. It closed 5.81% higher at R35.50 after earlier reaching R36.50.

Россия Последние новости, Россия Последние новости

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

MARKET WRAP: Gains by gold and platinum miners fail to buoy JSETrade is cautious ahead of the US Independence Day holiday, with local banks and retailers under pressure, while gold miners shine
Источник: TimesLIVE - 🏆 28. / 59 Прочитайте больше »

MARKET WRAP: JSE closes lower as rand strength fails to lift banking stocksThe rand broke below R14/$ in intra-day trade on expectations that the US Federal Reserve will cut interest rates
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Market Theatre: Frontieres: Real-life stories of strangers in a strange and hostile land‘Frontieres’ (Borders), on at the Market Theatre in Johannesburg, is about the people who cross borders and enter South Africa, after fleeing war, famine and poverty, only to find invisible barriers barring them from finding a home.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »

Business Maverick: Earnings Are No Longer an Excuse to Avoid Emerging-Market StocksFor global money managers, the risk-reward balance is tilting in favour of buying into emerging-market stocks rather than staying on the sidelines.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »