The JSE pushed higher in broad-based gains on Wednesday, with platinum miners resuming their winning streak.
Chinese data this week has also been upbeat, with a gauge of activity in that country’s services sector earlier rising to a 14-month high, according to Dow Jones Newswires. Exxaro gained 3.16% to R177.73. The price of iron ore has risen this week, after the world's largest producer, Vale, said it had failed to obtain stability certificates for 13 waste dams at one of its mines in Brazil. The dams were reviewed after a burst killed about 300 people in January.
Ayo was unchanged at R15, and has not moved since Monday, when it reported that revenue increased 93% in six months to end-February. The bid for Ayo’s share — or the highest asking price in the market — was at R5, according to Iress data.Global focus remains on headlines from ongoing US-China trade talks in Washington, as well as Brexit developments.
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MARKET WRAP: JSE lower as precious-metal miners plungeGold and platinum miners fall amid sharp sell-off in precious metals, but a strong showing from Capitec and rand hedges offset this a little
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MARKET WRAP: JSE and rand rally ahead of Moody’s decisionJSE heavyweight Naspers was 0.85% higher at R3,332.14 after reaching its best level in about seven months earlier in the day
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MARKET WRAP: JSE and rand rally ahead of Moody’s decisionJSE heavyweight Naspers was 0.85% higher at R3,332.14 after reaching its best level in about seven months earlier in the day
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MARKET WRAP: JSE pushes above 57,000 points as banks jumpThe JSE closed at a six-month high on optimism on global markets, with local banks faring best after Moody’s opted not to release a report on SA
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MARKET WRAP: JSE flat as rand retreats slightlyThe local currency gave up some of its recent gains despite Moody’s Investors Service saying that SA’s credit rating was safe for the moment
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Tesla boom lifts Norway's electric car sales to 58% market shareAlmost 60% of all new cars sold in Norway in March were fully electric, the Norwegian Road Federation (NRF) said on Monday.
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