JSE remains flat as Naspers offsets other gains

South Africa News News

JSE remains flat as Naspers offsets other gains
South Africa Latest News,South Africa Headlines
  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

MultiChoice's share price was at R106.50 in early trade, giving the group a market capitalisation of R46.7bn.

MultiChoice's share price was at R106.50 in early trade, giving the group a market capitalisation of R46.7bn.Analysts expect MultiChoice to make it relatively easily into the JSE’s top-40 index, and most valuations had ranged from from about R50bn to R90bn.

There are few major international catalysts operating in the market on Wednesday morning, although some focus is on the UK, where parliamentarians will debate the progress on Brexit negotiations with the EU. The all share flat was at 56,281.8 points and the top 40 was little changed. Gold miners were up 1.07%. Banks were down 0.62% and industrials 0.14%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TimesLIVE /  🏆 28. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Multichoice shares start at R95 on JSEMultichoice shares start at R95 on JSEMultichoice officially listed on the JSE on Wednesday.
Read more »

JSE remains flat as Naspers offsets other gainsJSE remains flat as Naspers offsets other gainsMiners are benefiting from some dollar weakness overnight, but Naspers has fallen 3% after unbundling its pay-TV unit
Read more »

JSE flat as Naspers offsets retailer’s gainsGeneral retailers cheer an easing oil price, but pressure on market heavyweights Naspers and Glencore threatens JSE gains
Read more »

MultiChoice begins trading on JSE at R95.50MultiChoice begins trading on JSE at R95.50Africa’s biggest pay-TV group MultiChoice debuted on the Johannesburg Stock Exchange on Wednesday with shares opening at R95.50, giving the company a market capitalisation of R42 billion ($3.03 billion).
Read more »

MultiChoice soars in debut trading on the JSEMultiChoice soars in debut trading on the JSEAfter its spin-off from Naspers, the pay-TV company is looking to expand across Africa
Read more »

MARKET WRAP: JSE pushes higher led by minersMARKET WRAP: JSE pushes higher led by minersRising gold and palladium prices, along with a spate of corporate results, ensure miners lead the gains on budget day
Read more »

JSE results downpour forecast for ThursdayJSE results downpour forecast for ThursdayCompanies scheduled to release results include Anglo American, Sibanye-Stillwater, Woolworths, Truworths, Discovery, Adcock Ingram, and JSE Ltd
Read more »

MARKET WRAP: JSE pushes above 56,000 points, led up by platinumsPressure on the oil price has provided some support for retailers and banks, with platinum miners leading the gains, amid concern that the metal is entering bubble territory
Read more »

MultiChoice’s debut to shake up JSE top 40MultiChoice’s debut to shake up JSE top 40Naspers’s pay-TV business, which starts trading as an independently listed company on Wednesday, is expected to have a market cap of up to R90bn
Read more »



Render Time: 2025-02-25 07:33:57