JSE likely to take a breather after hitting fresh records

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South Africa Headlines News

While the near-term outlook for markets appears positive, analysts have warned that SA faces a tough year

The JSE could pause for breath on Thursday after the all share index raced to a fresh record.

The rand, which is the proxy of sentiment towards emerging currencies because of its highly tradable status, paused in early dealings after rallying to its best level since mid-November at about R15.30/$. Asian stocks were mixed in early trade, with Japan’s Nikkei 225 index dipping 0.87% and Hong Kong’s Hang Seng slipping 0.17%.

 

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