The JSE opened firmer on Monday as Naspers recovered, global geopolitical tension eased and Moody’s decided not to issue a ratings review on Friday. The market had eagerly awaited Moody’s rating review last week. Although no change in ratings was expected, its commentary could have provided further guidance for the year ahead. However, Moody’s indicated on Friday that it had decided not to proceed with any further review action on Friday due to a lack of new political and economic developments. "After all the concern surrounding the review by Moody’s regarding our credit rating, the moment turned out to be a damp squib," said TreasuryOne dealer Phillip Pearce. However, a Reuters report stated they would issue a ratings opinion on Tuesday. Naspers was up more than 2% in early trade, erasing its losses on Friday after its Chinese Tencent investment dropped 5% on Chinese governmental threats against its social media platforms. Naspers owns a third of Tencent. The Dow closed 0.07% up at...
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