The JSE fell on Tuesday, tracking losses on major global markets, as US President Donald Trump fired off a series of tweets criticising China’s trade practices.
The rand, however, was fairly firm earlier in the day, but lost some ground against the dollar when Eskom’s financial results were released. As the JSE closed it was 0.16% weaker at R14.1853/$. The all share fell 1.37% to 51,241.6 points and the top 40 1.48%. This was the biggest one-day drop for the all share since May 23.
Gold was up 0.16% at $1,428.84/oz while platinum had lost 1.15% to $870.79. Brent crude was 0.25% higher at $64.03 a barrel.Shoprite gained 5.75% to R153.97. The retailer said earlier it expected revenue growth of 3.2% in the year to end-June, higher than the Bloomberg consensus expectation of 2.2%. Excluding the effect of hyperinflation in Angola, turnover was up 3.6%.
Hammerson lost 7.88% to R41.29, extending Monday’s 6.25% slump. It said earlier that rental income from flagship UK properties fell 6.8% on a like-for-like basis in the six months to end-June.
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 has worst day in two months as Trump attacks China on tradeJitters over the US-China trade war weigh on global markets, while local corporate news is mixed, and local economic data disappointing
Source: BDliveSA - 🏆 12. / 63 Read more »
China will boost economy but won't use property market for stimulus, says PolitburoWith China's economic growth slowing to near 30-year lows investors want to know how much more stimulus Beijing will roll out
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »