The JSE closed lower on Wednesday, with only platinum and gold miners showing a few signs of life, amid caution on some global markets.
Shortly after the JSE closed, the Dow was mildly positive at 26,664.77 points, while in Europe, the FTSE 100 had fallen 0.74% and the CAC 40 0.3%. Germany’s DAX 30, however, was up 0.51%. Earlier, Japan’s Nikkei fell 0.27% and Hong Kong’s Hang Seng 0.53%. Load-shedding weighed on confidence in the first quarter, FNB chief economist Mamello Matikinca-Ngwenya said, adding that prolonged strikes, rising fuel prices and the announcement of tax increases also contributed to declining confidence.Anglo American lost 2.94% to R387.95. Earlier, JPMorgan reclassified the diversified miner's stock as neutral, from overweight previously.Standard Bank slipped 2.19% to R195.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE extends winning run to six consecutive weeksThe all share has gained 4.89% so far in April and is now up 12.3% in 2019
Source: BDliveSA - 🏆 12. / 63 Read more »
Banks fight moves to protect bond market investors, says FuturegrowthStringent listings requirements help safeguard equity shareholders, but there are divisions over how to strengthen the hand of investors in SA’s corporate bond market
Source: BDliveSA - 🏆 12. / 63 Read more »
WANDILE SIHLOBO: It’s a good time for SA to diversify wool export marketFurther delays from China are expected after the country suspended imports due to a foot-and-mouth disease outbreak earlier in 2019
Source: BDliveSA - 🏆 12. / 63 Read more »
Rand slips amid pressure on emerging-market currenciesThe dollar has firmed as a result of disappointing eurozone data, but the rand has avoided the losses of some of its emerging-market peers
Source: BDliveSA - 🏆 12. / 63 Read more »
MICHEL PIREU: Importance of finding a real edge to beat other investors in the marketTo do better than average, your thinking has to be better than that of others, both more powerful and at a higher level
Source: BDliveSA - 🏆 12. / 63 Read more »
CHRIS GILMOUR: The dangerous and murky shark tank of SA’s listed bond marketThe JSE has been reformed and stockbroker hooligans removed, but bond institutions lag behind
Source: BDliveSA - 🏆 12. / 63 Read more »