for subscribers

Directionless JSE down on political uncertainty and global slump

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Johannesburg - Share prices on the JSE continued to drift lower on Friday morning, with investors forced to the sidelines by local political uncertainty and a slump in world markets.

All major indices were down by mid-morning on Friday as investors seem to be waiting for new indicators that will steer the market in a definite direction.

Share prices on the JSE were still higher on Thursday morning, but dropped steeply over the afternoon as foreign markets headed for the lowest level in six weeks. The pattern continued on Friday, and by mid-morning the All-share index was 0.82% softer at 51 584 points and the Top 40 index 0.81% lower at 45 626 points.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.54
(+0.10)
ZAR/GBP
22.98
(+0.04)
ZAR/EUR
20.66
(-0.01)
ZAR/AUD
12.59
(+0.05)
ZAR/JPY
0.17
(-0.04)
Gold
2034.54
(+0.03)
Silver
28.27
(+0.11)
Platinum
961.50
(+0.38)
Brent Crude
44.55
(-1.53)
Palladium
2166.01
(+0.63)
All Share
56757.73
(-1.56)
Top 40
52435.65
(-1.72)
Financial 15
9897.96
(+0.10)
Industrial 25
74671.49
(-1.98)
Resource 10
58948.78
(-1.89)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 937 votes
It depends on how the funds are used.
74% - 6259 votes
No. We should have gotten the loan elsewhere.
15% - 1286 votes
Vote