News Formal

MARKET WRAP: JSE snaps four-day losing streak boosted by mining stocks

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

South Africa News News

Palladium was the standout performer after rising as much as 11% on renewed supply concerns, boosting PGM stocks

The JSE ended higher on Friday, snapping a four-day losing streak that had pushed the all share index to the lowest level since mid-March.

Resource stocks did the heaving lifting thanks to broadly higher commodity prices. Palladium was the standout performer after rising as much as 11% on renewed supply concerns before pulling back slightly to trade 8.4% higher at $2,430/oz at 6.39pm on Friday...

 

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 ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

MARKET WRAP: Fed official’s hawkish comments drag JSE lowerFed governor Lael Brainard’s comments mean a 50 basis-point rate hike is on the table at its next meeting
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: Hawkish Fed and Russia sanctions fray investors’ nervesUS central bank plans to reduce its balance sheet by $1-trillion a year and Washington steps up pressure on the Kremlin
Source: BDliveSA - 🏆 12. / 63 Read more »