Rand firmer after elections, stocks fall

JOHANNESBURG - The rand firmed in early trade on Thursday, a day after an election for a new parliament and provincial legislatures, while stocks fell with Steinhoff the biggest loser on the all-share index.

“It’s too early to tell how the domestic market has interpreted the initial results,” RMB analyst Nema Ramkhelawan-Bhana said in a note. On the stock market, the Top-40 index was down 1.5% while the broader all-share fell 1.4% in early trade.

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: Rand biggest gainer among emerging marketsThe JSE had a good day, with the all share rising to 59,335.9 points, with platinum miners leading the way
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: Rand biggest gainer among emerging marketsThe JSE had a good day, with the all share rising to 59,335.9 points, with platinum miners leading the way
Source: TimesLIVE - 🏆 28. / 59 Read more »

Rand firms against greenback, stocks riseThe dollar weakened as traders focused on weaker aspects of the April US payrolls report.
Source: ewnupdates - 🏆 30. / 53 Read more »

Emerging-market currencies slip, including the randTurkey’s lira is heading for a seven-month low and a rating review, as SA elections are mulled by global markets
Source: BDliveSA - 🏆 12. / 63 Read more »

Rand a little firmer as market eyes US-China trade warThe rand weakened on Sunday after US President Donald Trump threatened to tariffs on Chinese imports, although local focus is on the elections
Source: BDliveSA - 🏆 12. / 63 Read more »