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MARKET WRAP: JSE slips as main Chinese bourse plunges on reopening

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The rand firmed on Monday, being the best performing of 24 emerging-market currencies tracked by Bloomberg

. At 6pm, it had firmed 0.42% to R14.8866/$, 0.8% to R16.4648/€ and 1.7% to R19.3803/£. The euro was 0.33% lower at $1.1059.

Some analysts believe the rand’s gains came off an oversold position, as it was among the worst-performing emerging-market currencies last week due to a global risk-averse environment caused by the coronavirus.for about R3.252bn. These include purchasingThe Wagner Asia Equipment business will be combined with the current Barloworld Russian business unit into a newly formed Equipment Eurasia unit.

Barloworld’s share price was down 0.21% to R93.20, and has now plunged 17.32% so far in 2020. January saw it fall 17.15%, its worst month since May 2018.

 

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