Stay updated with breaking news from Firstrand Ltd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
(Bloomberg) -- South Africa’s main stock index rose for a fifth day and headed for a third consecutive record close, as mining stocks benefited from hopes for U.S. economic stimulus. Local market giant Naspers Ltd.
South Africa’s main stock index rose for a fifth day and headed for a third consecutive record close, as mining stocks benefited from hopes for U.S. economic…
South Africa Stocks Extend Record as Stimulus Hopes Boost Miners John Viljoen, Bloomberg News The Johannesburg Stock Exchange. , Photographer: Waldo Swiegers/Bloomberg (Bloomberg) -- The main South African stock index extended its advance to a fourth day, adding to Wednesdayâs record close and tracking moves in most Asian markets amid expectations that U.S. President-elect Joe Biden has a clearer path to boosting fiscal stimulus after key elections. The FTSE/JSE Africa All Shares Index rose 0.4% as of 9:46 a.m. in Johannesburg. An index...
Adelaide Changole Financial stock exchange market display screen board on the street South Africa’s main stock benchmark drops for a fourth day, falling 0.2% by 9:42 a.m. in Johannesburg, with weakness in index giant Naspers Ltd, and a downturn in miners countering a resurgence in banks and gains in heavyweight Richemont. Naspers, with an 18% weighting on the index, falls for a second day, down 0.5% to provide the biggest drag to the index, as partly owned Tencent Holdings Ltd retreats in Hong Kong. BHP Group Ltd. (-0.7%) leads 0.4% drop in the in...
South African Stocks Drop From Early 2018 High as Naspers Slips John Viljoen, Bloomberg News (Bloomberg) -- South Africaâs main stock index fell 0.5% as of 9:46 a.m. in Johannesburg, retreating from the highest close since January 2018, as fresh U.S.-China tensions and protracted wrangling over a stimulus package in Washington weighed on sentiment toward riskier assets. The benchmark gauge remains on track to advance for the third week in four after climbing beyond the 60,000 point level for the first time since August 2018 on Thursday. The U.S. is preparing to blacklist Semiconductor M...