MARKET WRAP: JSE closes slightly firmer in cautious, quiet trade

Telkom closed 4.09% higher at R90, after earlier reaching an intra-day high of R98.20. The jump came after it reported improved results for the year ended March, which included a 5.3% rise in operating revenue to R41.8bn.

Among gold miners, Sibanye fell 1.91% to R11.27, Gold Fields 0.93% to R54.48 and AngloGold Ashanti 0.78% to R164.72. The benchmark R186 government bond was firmer, with the yield dropping 4.5 basis points to 8.35%. Bond yields move inversely to bond prices.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE closes slightly firmer in cautious, quiet tradeGlobal events continue to drive market sentiment as investors wait for the next move in the US-China trade war
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE recovers a little after dismal weekThe local bourse snapped a five-session losing streak on Friday, but weakened for the third week in a row amid US-China trade war concern
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE recovers a little after dismal weekThe local bourse snapped a five-session losing streak on Friday, but weakened for the third week in a row amid US-China trade war concern
Source: TimesLIVE - 🏆 28. / 59 Read more »

MARKET WRAP: JSE drops to four-month low in broad-based lossesThe JSE suffered along with most global equity markets as the US-China trade conflict persists, with local banks faring worst on the day
Source: TimesLIVE - 🏆 28. / 59 Read more »

MARKET WRAP: Miners keep JSE lower as Sasol plunges almost 13%Positive local economic and political news helped boost sentiment a little, but corporate news was mostly negative on the day
Source: BDliveSA - 🏆 12. / 63 Read more »

Luxury for less: Two South African stores embrace the second-hand luxury marketCompanies reselling fancy brands are popping up across South Africa. Wanted sizes up the preloved luxury landscape
Source: BDliveSA - 🏆 12. / 63 Read more »

Nigerian government probe into MTN listing baffles the marketTelecoms giant is still dealing with that country’s auditor-general on a $2bn claim for back taxes The circus between mtn and nigerian gov is legendary..they alway pay billions of rands to the nigerian fiscus while south african costomers pay high data and airtime fees to fund its african adventures
Source: BDliveSA - 🏆 12. / 63 Read more »

Open up the barriers to market entry for SMEs, for that way economic growth liesIn keeping with global trends of adopting new technologies, it is in the interest of the wider economy to promote greater inclusion, writes Thando Vilakazi
Source: BDliveSA - 🏆 12. / 63 Read more »

Nigerian government probe into MTN listing baffles the marketTelecoms giant is still dealing with that country’s auditor-general on a $2bn claim for back taxes Hahaha another shakedown The paid the first fine (bribe) , now the want more again . Shareholders paying for Nigerian corruption . Good luck with that 'investment'. Kikikikikikiki- MTN is their piggy bank.
Source: BDliveSA - 🏆 12. / 63 Read more »

Is social media becoming a pivotal piece of the market conduct puzzle?Momentum’s about-turn after its life insurance claim debacle shows that consumer opinion cannot be ignored
Source: BDliveSA - 🏆 12. / 63 Read more »

Rand softer, but some post-election optimism still evidentThe rand was only the eight-worst performing emerging-market currency on Tuesday, as market focus remains on the US-China trade war
Source: BDliveSA - 🏆 12. / 63 Read more »