STOCK exchanges trading ahead of the JSE on Wednesday morning where generally red, with New Zealand’s S&P/NZX 50 index closing more than 1% lower on a crash in dairy prices.Milk powder is New Zealand’s biggest export, and the latest auction prices showed a drop of 3.6%, worse than an anticipated 2%.Sydney was also red on Wednesday morning, with the Australian Securities Exchange’s S&P/ASX 200 down about 0.45%.Tokyo, however, maintained its rally on a weaker yen boosting exporters. The Topix and Nikkei 225 indices were both more than 0.5% higher on Wednesday morning.London’s FTSE 100 rallying 1.3% on Tuesday translated into a 1.27% gain to R123.39 for the JSE-listed exchange-traded fund which tracks it, Deutsche Bank’s dbx-uk.Agricultural-focused investment holding company Zeder said in a trading statement on September 29 it expected to report on Wednesday that headline earnings per share for the six months to end-August more than doubled.Zeder said it expected its headline earnings ...
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