The rand gained on Thursday while local markets were closed for Human Rights Day, and Naspers's primary asset Tencent has fallen 1%
The JSE could track weaker Asian markets on Friday, with local heavyweight Naspers likely to be under pressure after the share price of its main asset Tencent fell on Thursday.
Local stocks will also need to react to some currency volatility on Thursday, when the pound plunged amid continued Brexit uncertainty. The rand was flat against majors on Friday morning, at R14.2032 to the dollar, R16.1573 to the euro and R18.6532 to the pound. The euro was flat at $1.1375. Retailer African and Overseas Enterprises is expected to report that headline earnings per share for the six months to end-December gained 233% and 253%.
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.
JSE likely to follow Asian markets slightly lower on TuesdayAttention shifts to the US Federal Reserve’s mid-week meeting
Read more »
Naspers heads towards recent highs as JSE follows Asian stocks upAsian stocks were buoyed by renewed commitments by the Chinese government to boost growth
Read more »
JSE could follow Asian stocks lower on WednesdayGlobal markets have shifted their attention to a rate decision by the Federal Reserve and tense US-China trade talks
Read more »
JSE may follow Asian equities higher on FridayThe performance of Asian stocks signals a positive opening for the local bourse, despite a mixed performance by US shares overnight
Read more »
JSE set for a positive start to the weekThe local bourse is likely to take its cue from Asian markets, which rose in early trade despite the prospect of a delayed resolution to the trade war between the US and China
Read more »
Could e-commerce be the golden ticket for luxury brands on the JSE?Stocks of luxury-goods giant Richemont have not done much but it has enjoyed a rise in online sales – perhaps the e-commerce push will improve sentiment
Read more »
MARKET WRAP: JSE tracks most major global markets firmerGold and platinum shares rise after labour court disallows sympathy strike in the sectors
Read more »
JSE pushes higher led by diversified minersA firmer oil price is supporting diversified miners, while Naspers tracks a higher Tencent ahead of the Chinese firm's results later this week
Read more »
JSE edges towards 57,000 points due to minersA rising oil price continues to support diversified miners, although global activity is muted as investors wait for fresh catalysts
Read more »
JSE slips as banks extend lossesThe local bourse suffered broad-based losses on Wednesday morning, with banks having fallen 2.5% on Tuesday
Read more »