News Formal

MARKET WRAP: Gains by Sasol and banks boost the JSE

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

United States News News

Standard Bank led gains in its sector, up the most in three weeks, despite announcing that its interim profits in the six months to end-June could halve

The JSE firmed for a third successive day on Wednesday, with gains by banks and Sasol making up for losses in other sectors, such as miners, which fared the worst on the day.

Shares in chemical and energy group Sasol jumped the most in seven weeks after the group announced it has agreed to sell 16 air-separation units at its Secunda operation for R8.5bn in its drive to reduce debt.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE gains for a second day while focus shifts to US stimulusLocally, investors will be watching the consumer inflation print for June, due on Wednesday
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Stocks Mixed Before Fed; Treasuries Keep Advance: Markets WrapAsian stocks struggled for a clear direction as investors awaited the conclusion of the Federal Reserve’s policy meeting. Treasuries held overnight gains and the dollar steadied.
Source: dailymaverick - 🏆 3. / 84 Read more »

Medical aid funds find fertile ground in Botswana’s young market | CitypressMedical aid funds find fertile ground in Botswana’s young market There were 327 500 beneficiaries covered by four funds in 2019, up from 309 500 in 2018 – representing an increase of 5.8% & indicating a growing medical funds environment, said the report.
Source: City_Press - 🏆 7. / 72 Read more »

MARKET WRAP: JSE gains for a second day while focus shifts to US stimulusLocally, investors will be watching the consumer inflation print for June, due on Wednesday
Source: BDliveSA - 🏆 12. / 63 Read more »