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SA stocks steady as Naspers gains

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.


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  • 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.

© 2020 Bloomberg

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