JSE set for mixed start on Monday after ANC victory at the polls

The JSE could get off to a mixed start on Monday after the ANC maintained its majority in South Africa’s elections, and as Asian markets edged lower.

“These results should also, in turn, see strong inflows into the South African equity market,” Armitage said. While markets in Hong Kong are closed for a holiday on Monday, China’s Shanghai composite index and Korea’s Kospi were both 1% down and Japan’s Nikkei 225 was 0.6% lower. Australia’s main benchmark was 0.4% down, with JSE-heavyweight BHP Group flat in that market.

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