JSE share prices looking gloomy for 2020
JOHANNESBURG –
JSE share prices are likely to present another year of “abysmal returns” in 2020 as forecasts of weak global and local economic growth translate into lower earnings growth for locally listed companies, market analysts said on Friday.
JSE share prices are likely to present another year of “abysmal returns” in 2020 as forecasts of weak global and local economic growth translate into lower earnings growth for locally listed companies, market analysts said on Friday.
On Friday the JSE All Share index was up 7.17 percent, while the FTSE Top 40 Index, where most of the constituent companies have globally focussed operations, was up only 10.13 percent. This follows an 11 percent decline in the JSE All Share Index in 2018.
Citadel Investment portfolio manager Nishlen Govender said South African focused-listed companies were likely to continue to struggle in 2020.
Source: iol.co.za
