South African Markets - Factors to watch on Sept. 18
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Friday.
- Spar Group issues trading statement.
- Brimstone Investment says proposed disposal of
3.37% shareholding in life healthcare.
SOUTH AFRICAN MARKETS
South Africa's rand extended its recent rally to a new
six-month peak on Thursday after the central bank kept lending
Stocks, however, fell, with the Johannesburg Stock
Exchange's Top-40 Index dropping 1.8% to 50,700 points
and the broader All-Share Index down 1.65% to 55,036
Asian stocks inched up on Friday, despite Wall Street
declines, but struggled to make deeper gains as worries about a
faltering economic recovery kept investors to the sidelines or
seeking safer harbour in assets such as the Japanese
U.S. stocks fell on Thursday as technology-related shares
slid for a second day and as government data showed high levels
of weekly jobless claims.
Gold prices rose on Friday as gloomy U.S. jobs data cast a
shadow over the economic outlook, and major central banks
pledged to roll out further stimulus if required to revive their
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(Compiled by Olivia Kumwenda-Mtambo)
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