JSE says earnings could fall by over a third as trading ebbs
Bourse says revenue performance largely reflects the reality of SA’s difficult economic environment
24 June 2019 - 08:21
Shares in the JSE fell 9.57% to R133.92 on Monday, its biggest one-day drop since listing in 2006, after SA’s main bourse said earnings could decline by more than a third in the six months to end-June because of muted trading activity.
The JSE, which generates revenue from transaction fees, has been contending with weak appetite by foreign investors for SA stocks amid the country’s economic malaise, and new competition including low-cost exchange A2X Markets...
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.