South Africa’s principal stock benchmark was little modified in early buying and selling as weak point in banks was offset by gains for index big Naspers.
The FTSE/JSE Africa All Shares Index was up 0.1% at 10:11 a.m. in Johannesburg, however has fallen 0.7% previously seven days, heading for its first weekly lack of November.
- Index for financial institution stocks retreats for a second day, down 1% as the rand weakens.
- Capitec -1.7%, Standard Bank -1.4%, FirstRand -0.9%, Nedbank -0.8%.
- BHP and Anglo American pull the index for mining stocks down 0.1%.
- BHP -0.5%, Anglo American -0.3%.
- Tiger Brands falls for a 3rd day, down 3.4% to the bottom in additional than two weeks after publishing full-year earnings.
- Naspers gains 1.9% to offer the largest increase to the benchmark as partly owned Tencent recovers in Hong Kong; Naspers holds a 31% stake within the tech big, by way of its subsidiary Prosus NV, which is up 1.4%.
- Foreigners have been web sellers of South African stocks for a fourth day Thursday, disposing of R156 million value of shares, in accordance with change operator JSE Ltd.
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