JSE posts broad-based gains‚ led by Naspers‚ as global risk aversion wanes
The JSE closed in positive territory on Monday, as global risk assets were buoyed by signals that diplomacy would come to the fore in the stand-off between North Korea and the US. Global equity markets were hit by risk-off sentiment from Wednesday last week, after a back-and-forth between Pyongyang and US President Donald Trump that subdued investor appetite. Analysts expect geopolitical issues to predominate this week, amid a lack of local data, while the ANC top six continued a meeting that could precipitate another Cabinet reshuffle. The all share closed 0.56% higher at 55,465.7 points and the top 40 was up 0.7%. Industrials added 0.82%, banks 0.69% and resources 0.42%. The platinum index lost 1.8% and food and drug retailers 0.65%. The current global bull market remained mired in doubt and scepticism, and although a correction from lofty heights was possible, another major bear market was unlikely, said Old Mutual Multi-Managers analysts Dave Mohr and Izak Odendaal. Global econo...
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