A recovery by Naspers lifted the JSE on Monday, while commodities came under pressure in volatile trade.Global market sentiment was buoyed by the passage of US tax reforms through the Senate, with German and US equity markets reaching record highs.Naspers added 2.78% to R3,629.97, tracking Tencent’s gains in Hong Kong trade. Tencent, which had become the world’s fifth-largest company in November, was under pressure from a sell-off in technology shares last week.A decision by Hang Seng to limit Tencent to 10% of the index from 12.6%, had also precipitated selling by index tracker funds of the share, Stanlib analysts said.Focus will be on political risks and economic data this week. Locally, the third-quarter GDP figure on Thursday is expected to decrease to 0.6% year on year from 1.1% in the third quarter, while much focus will be on news headlines related to the ANC succession race.Ultimately, global factors overshadowing local conditions would continue when it came to the overall d...
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