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MARKET WRAP: JSE breaks five-day losing streak

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But analysts warn that volatility is likely for the time being as risks stemming from slowing economic growth as China grapples with Covid-19, global supply-chain difficulties and the effects of the war in Ukraine remain elevated

The JSE staged a rebound on Tuesday, rising more than 1% in intraday trading in line with European markets before giving back some the gains later in the day.

The local bourse broke a five-day losing streak, reaching an intraday high of 67,741 points — up from the previous session’s low of 66,957 points — but it pulled back at the end of the session after a slightly weaker US opening, with gains in industrials, banks and financial indices overcoming losses in the metals sector...

 

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