The JSE may be in for a bumpy ride this week
After starting positively and closing flat last week, the JSE opened and closed negatively yesterday following disappointing news globally. The all share index closed down 1.17 percent.
News coming in from Japan showed that the Japanese economy slump into its fourth recession since 2008 threatening the failure of the Abenomics reflation program, Prime Minister Shinzo Abe’s administration is taking steps to shore up growth for the coming year.
Locally, Investors were cautious following data released by both stats SA and other company data. The greatest winners on the market included Anglo gold, Kumba, Amplats, Shoprit and Vodacom. The total volume of trade on the market was 15.9 billion
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|*Only traded items. As at 18 Nov 04:09|
Markets have opened firmer in Asia this morning and one would expect the JSE to rebound from yesterday’s loses and trade positively today. The positive trade in Asia this morning is attributed to a couple of factors including the fact that Japan’s prime minister has indicated that the sales tax will be delayed. Investors will generally trade cautiously on the JSE today as they await CPI data tomorrow and decisions coming of the reserve bank monetary policy committee (MPC) on Thur