The JSE closed higher on Tuesday, while global markets were mixed, as developments in the US-China trade war have become fairly muted.
Earlier, the Shanghai Composite rose 0.85% and Hong Kong’s Hang Seng 1.55%, while Japan’s Nikkei 225 fell 0.53%. Bloomberg reported on Tuesday that the yields on Eskom’s 2021 dollar bonds climbed the most in nine months following the appointment of Nampak CEO Andre de Ruyter, suggesting that investors may not be convinced that the new CEO can turn some of the power utility’s challenges around.
Coronation Fund Managers reported a 14.5% decline in revenue to R3.3bn in the year to end-September. The company also said it expects net flows to remain negative as the savings industry battles a weak economic environment. It declared a dividend of R3.41, down 18.8% from the previous year. Coronation’s share price gained 3.79% to R43.30.Stor-rage raised its dividend per share by 7% to 54.89c in the six months to end-September.
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 as China rate cut lifts market sentimentAccording to reports, the US and China held constructive talks at the weekend as the two parties are set to seal a partial trade deal
Source: BDliveSA - 🏆 12. / 63 Read more »
Netcare expects digitisation of patient records to help increase market shareSA's weak economy means and a growth in members covered by restricted hospital networks are expected to weigh on patient day growth
Source: BDliveSA - 🏆 12. / 63 Read more »
Market data — November 18 2019Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »
Market data — November 15 2019Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE gains as China rate cut lifts market sentimentAccording to reports, the US and China held constructive talks at the weekend as the two parties are set to seal a partial trade deal
Source: BDliveSA - 🏆 12. / 63 Read more »