Investors have had a mixed reaction to series of local corporate results, while global focus is on the ECB policy announcement later on Thursday
The JSE was lower almost across the board on Thursday morning, with only property stocks showing signs of life.
Weak eurozone economic data has prompted speculation that the ECB will announce stimulus measures, which would be likely to slow the pace of its monetary policy tightening.At 10am MTN had jumped 7.55% to R81.80. It said earlier that headline earnings per share for the year to end-December increased to 337c from 182c in 2017. The network operator has suffered setbacks in a number of its major markets, including Nigeria and Iran, and remains 8% down so far in 2019.
Sanlam was down 1.85% to R75.89, having said earlier that normalised HEPS fell 10% in the year to end-December, although the financial services group upped its dividend 8% to 312c compared to the prior comparative period.
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