The JSE opened firmer on Friday, as Naspers rebounded and the previous frenzied selling of property stocks appeared to calm down.Naspers was higher, after its Chinese Tencent investment rose more than 2% in Hong Kong trade.The market was buoyed by an upbeat performance from the Dow, closing 0.81% up at a record 25,574.73 on Thursday amid optimism ahead of the fourth quarter earnings season, which see JP Morgan and Wells Fargo reporting early.Asian markets were mixed, with the Nikkei 225 off 0.24% and the Hang Seng up 0.7%.Property stocks remained under pressure after heavy selling earlier in the week, but some tentative buying was evident. The property index is down 6.4% for the week.The fall in property stocks followed rumours a JSE real-estate investment trust (Reit) may be the subject of a forthcoming report by Viceroy Research, which, in December, published a report that sent Steinhoff International shares down 90%.Steinhoff was lower in early-morning trade following reports tha...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.