Which JSE shares will get "Viceroyed" on Friday? It has been a wild week for the local bourse, with Aspen rebounding 11% on Thursday after crashing as much as 10% on Tuesday on rumours that the pharmaceutical company was the "South African name" mysterious US short-seller Viceroy Research is focusing on. Aspen’s reprieve came at the expense of the JSE’s real estate investments trusts (Reits), which suffered panic selling on Thursday morning. The defence adopted by Nepi Rockcastle, Resilient and Fortress in attempting to calm the market by issuing voluntary trading updates appeared to have helped. Nepi Rockcastle recovered to close 5.15% lower at R178.80 from its 20% plunge earlier by issuing a statement saying it expected to report on February 20 that its distributable earnings for 2017 grew about 17%. Fortress reduced the drop in its B units to 2% from 24% by saying it expected to report on February 8 that its interim dividend grew about 15%. The drop in its A unit was reduced to 0...

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.