Market Wrap

The JSE closed up a firm 1.27%, buoyed by, among others, bourse-heavyweight Naspers’ 1.88% gain as the internet giant explores growth opportunities outside its core offerings. Naspers announced late yesterday that it invested R34m in Paarl-based Ctrl, its first insurance gamble, as part of its R1.4 billion commitment to grow early-stage tech companies through its tech …

Markets Wrap: Techs heavies Naspers, Bytes buoy JSE; Rand suffers rates blow Read More »

A bright spark on an all-red JSE board, Liberty Holdings added more than a quarter to its share price after Standard Bank announced it is making a bid for full ownership of the diversified financial services group. Standard Bank already owns 54% of Liberty. At close on the JSE, the stock was 22.7% firmer after …

Markets Wrap: Liberty bright spark on sombre JSE Read More »

A surge in the price of JSE-heavyweight internet giant Naspers (+2.34%) and bargain hunting pulled the local bourse over 1.2% higher. Yesterday’s biggest losers turned winners Mr Price and Truworths lead the charge, gaining 4.46% and 4.36% respectively. Sasol soared 3.87% in line with a firm oil price (last trading at $76.10 a barrel) and …

Markets Wrap: Naspers, bargain hunters boost JSE Read More »

The JSE reversed earlier gains, closing down 0.3% as the deadly pro-Zuma protests spread to other provinces. This despite President Cyril Ramaphosa pleading for calm and deploying troops to help stem the violence and looting. Retailers felt the brunt as malls were gutted in KwaZulu-Natal and Gauteng and stores looted in the Western Cape. Massmart, down 7.53% were …

Markets Wrap: JSE backtracks as deadly protests spread Read More »

The JSE closed 1.37% higher as it tracked a relief rally in Asian shares on the back of record gains on Wall Street and as policy easing in China helped calm the unease around global growth. But the stock market performance was marred by violent pro-Zuma protests which caused the local currency to slump 1.8% …

Markets Wrap: Riots roil rand, mar stock market run Read More »