Futures show marginal gains as JSE treads water ahead of inauguration
South African futures were marginally firmer on Wednesday as the JSE recorded broad-based gains among retailers, platinums and property stocks. Trading was subdued ahead of president-elect Donald Trump’s inauguration on Friday. The all share closed 0.22% higher at 52,933.30 points and the blue-chip top 40 gained 0.15%. Food and drug retailers rose 0.88%, and platinums 0.82%. General retailers rose 0.75%, banks 0.63% and property 0.55%. The Dow Jones industrial average was flat in early evening trade (-0.04%). European markets were mixed, with the FTSE 100 having gained 0.18%, while the Paris CAC 40 had dropped 0.41%. Germany’s Dax had added 0.28%. Brent crude retreated 1.98% to $54.39 a barrel. At 5.45pm, the local near-dated top-40 Alsi futures index had gained 0.09% to 46,550 points, with 21,472 contracts traded from 20,659 on Tuesday.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.