JSE lifts as hope of trade truce boosts global stocks
“But the possibility of a full deal remains low as there are important discrepancies between the two countries’ expectations and both leaders seem [unlikely] to compromise on their view.”
Earlier, the Shanghai Composite gained 0.45% and Hong Kong’s Hang Seng 0.33% while Japan’s Nikkei 225 had fallen 0.23%. In Europe, the FTSE 100 had gained 0.5%, France’s CAC 40 0.32% and Germany’s DAX 30 0.77%.
At 10.15am, the JSE all share had gained 0.52% to 58,314.2 and the top 40 was 0.53% higher. Banks had gained 0.81% and financials 0.62%.
Reinet had gained 0.98% to R243.76, despite saying on Tuesday that its net asset value decreased 6.4% to almost €4.52bn for the quarter ended June.
Kumba Iron Ore earlier gained 1.58% to R497.99 after it said on Tuesday that its shareholders will receive a dividend of R30.79 per share for the six months ended June.
Mondi was up 3.84% to R320.05 after the company said on Tuesday it expected underlying earnings before interest, tax, depreciation and amortisation (editda) for the six months ended June to be above that of the comparable prior year period of €852m.
Source: businesslive.co.za
