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Rand volatile as all eyes turn to National Budget
February 21, 2018--The market will care more about the numbers than how they will be achieved, but would be encouraged by-and probably even assumes-a VAT hike, says a currency trader.
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Source: Fin24
Nigeria:NSE Market Indices Drop By 1.53 Percent
February 20, 2018--Weekly activities on the Nigerian Stock Exchange (NSE) resumed on depressed note on Monday as the market indices dropped by 1.53 per cent.
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Source: AllAfrica.com
JSE down as focus shifts to budget
February 20, 2018--The JSE traded weaker, driven by mining and resource stocks, down by 3.44% and 2.01% respectively, as focus shifts towards the National Budget.
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Source: FIN24
Rand slightly weaker ahead of budget
February 20, 2018--Market analysts say they have largely expected the rand's modest dip, caused by a correction from its highs last week coupled with relative dollar strength.
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Source: FIN24
Moody's, Fitch cautiously upbeat about recent moves in SA
February 20, 2018--Rating agencies Moody's and Fitch are somewhat optimistic about some new developments in South Africa, following the resignation of Jacob Zuma and subsequent actions related to corruption, in mining and the Treasury.
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Source: FIN24
Local equities weaker as euphoria fades
February 19, 2018--The JSE closed weaker on Monday as the blue chip counters weighed down on the local bourse.
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Source: FIN24
Short sellers caught out by SA's power transfer
February 19, 2018--The transfer of power in South Africa has pulled the rug from under the feet of some short traders. At stake: more than $5bn.
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Source: FIN24
Rand still enjoying Ramaphosa rally
February 19, 2018--The rand is still enjoying the 'Ramaphosa rally', but may encounter some near-term weakness ahead of the Budget Speech, according to market analysts.
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Source: FIN24
Nigeria: Investors' Stake N27.9 Billion in Equities in Five Trading Days
February 19, 2018--Heavy transactions in the shares of financial stocks last week, buoyed the volume of shares traded, as a total turnover of 2.940 billion shares worth N27.924 billion were recorded in 28,570 deals by investors on the floor of the Exchange in contrast to a total of 4.426 billion units valued at N24.236 billion that was exchanged in 29,573 deals during the preceding week.
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Source: AllAfrica.com
JSE eases as investors take profit
February 16, 2018--The JSE eased as investors took profit after the biggest one-day rally in three years, with the All-Share consolidated ending down 0.69%.
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Source: FIN24
