MARKET WRAP: JSE weakens on fading investor hopes for quick US stimulus
The all share lost 0.99% and the top 40 1.16%, with tech heavyweights Naspers and Prosus falling heavily
BL PREMIUM
26 January 2021 – 18:42
The JSE closed weaker as concerns about potential roadblocks to the huge stimulus package proposed by US President Joe Biden’s administration weighed on sentiment.
After reaching a record high on Monday, predominantly on gains made by technology heavyweights Naspers and Prosus, both fell heavily on Tuesday amid signs that Biden’s stimulus plans are far from a done deal…
Source: businesslive.co.za