Futures trade firmer as JSE gains on general retailers and Naspers
Meanwhile, the Dow opened 0.14% higher at the JSE’s close, but has not traded above 21,000 points for nearly two weeks
South African futures were firmer on Monday as the market followed a stronger closing on the JSE.
The JSE all share was supported by general retailers and a strong performance by Naspers.
The all share closed 0.39% higher at 52,753.6 points and the blue-chip top 40 added 0.44%. General retailers rose 1.29% and industrials gained 0.85%. Food and drug retailers lifted 0.35%, and financials added 0.28%. Resources shed 0.58% and the gold index dropped 0.52%.
Naspers ended the day 3.31% higher at R2,291.20.
The Dow opened 0.14% higher at the JSE’s close, but has not traded above 21,000 points for nearly two weeks. European markets were mostly unchanged, with the FTSE 100 flat on UK Prime Minister Theresa May’s announcement that the official Article 50 notice for Brexit would be communicated to the EU on March 29.
The rand had a firmer bias in early evening trade, gaining 0.50% to R12.6532 against the dollar.
At 5.45pm, the local near-dated top-40 Alsi futures index was 0.46% higher at 45,986 points. The number of contracts traded was at 17,426 from Friday’s 24,719.