Market Wrap

The ongoing conflict in Ukraine continued to send foreign listed shares in Russian companies tumbling on Tuesday as Russia kept its stock exchange closed for the second day to mitigate the fallout. On the local front, Barloworld lost 6.61% but said its Russian operations have sufficient facilities to remain operational while heavy-duty equipment multinational said …

Market wrap: Ukraine unrest sends oil prices up, JSE closes in the green Read More »

The JSE tanked alongside global markets as equities and currencies took strain from the Russian invasion of Ukraine. A rally in commodity counters curbed the slide, causing the JSE to limit losses to 1.72% to ​​73,697.11 points. Oil boiled over $105 a barrel for the first time since 2014, triggering fears of a disruption to …

Market wrap: JSE, rand tank alongside global peers as Russia’s attack on Ukraine marks start of the war in Europe Read More »

Tech-heavyweights Naspers and Prosus and top-value commodity stocks have placed a drag on the JSE, while global equities slumped amid rising tensions with Russia after Ukraine said several government and bank websites had been subject to a cyberattack.  Locally, the rand traded in a relatively narrow range, despite the geopolitical tensions in eastern Europe and …

Market wrap: JSE slips as top-value stocks and Russian tensions weigh; while rand remains resilient Read More »

The JSE turned positive just before the closing bell on a rally in commodity stocks as investors rushing to safe-havens boosted metal prices. This was against the global grain where the Ukraine crisis rippled through world markets, causing volatility even before US markets began to trade following a long weekend. Behind the mayhem is Russia’s recognition …

Market wrap: JSE, rand stage late rally as safe-haven commodities stack up gains Read More »

The JSE stumbled more than 1% after renewed fears that the Chinese government may roll out more restrictions for private enterprise spilled over to local tech stocks. Naspers and Prosus, which together have a 12% weighting in the All Share index and almost 30% exposure to Tencent, took a massive 8.03% and 7.74% drubbing. Bloomberg …

Market wrap: JSE feels pain as Chinese tech wreck hits Naspers, while rand steadies after Ukraine deaths cause stir Read More »

The JSE ended the week on the front foot, with glittering golds outshining losses in heavyweight tech counters as the crisis in Ukraine kept investors on edge. The All Share index closed 0.28% stronger at  76,368.34 points.  Although off an eight-month high above $1,900 an ounce, the tensions in Eastern Europe have helped gold track …

Market Wrap: JSE ends week higher as Ukraine tensions keep markets on edge, while rand trades back at R15.10/$ Read More »

The JSE trended weaker in line with global equity markets as the risk-off sentiment over Russia-Ukraine tensions weighed on the stock indices. Both losses and gains were broad based, but losses in top-value stocks tilted the JSE 0.45% into the red to end the day on 76,154.69 points. Naspers and Prosus, which accounts for 12% …

Market Wrap: JSE buckles under Russia-Ukraine pressure, while rand disconnects to break below R15/$ Read More »

The JSE leaped over the 76,500-point mark as commodities rebounded from a selloff in the previous session. Oil rallied as US and NATO officials reiterated they’ve yet to see evidence of a Russian pullback, with Brent crude gaining 2.50% to last trade at $95.84 a barrel. Sasol surged 4.61%. Precious metal prices also bounced after …

Market Wrap: JSE jumps on commodity rebound, while rand stages relief rally to R15.04/$ Read More »

The JSE managed to eke out a 0.12% gain to end the day higher but still below the 76,000-point mark after jumping almost a percent in intraday trading on optimism that geopolitical tensions in the Russia Ukraine saga were receding. Counters in the Resources (-2.49%) and Precious Metals & Mining (-3.78%) indices weighed the most …

Market Wrap: JSE ekes out gain despite carnage in commodity counters, while rand gives up gains in volatile trade Read More »

The JSE slumped 0.81% to 75,765.16 points as a slide in JSE heavyweights Naspers and Prosus wreaked havoc and investors monitored developments in the Russia Ukraine standoff. Naspers and Prosus, which has a 12% weighting in the bourse, got hammered 4.61% and 3.44% respectively after India banned 54 apps of Chinese origin citing security concerns, …

Market Wrap: Naspers, Prosus weigh JSE down, while resilient rand flirts with R15.10/$ Read More »