The JSE opened weaker on Monday, as property stocks came under renewed pressure despite upbeat interim results from Resilient on Friday. Resilient reported dividend growth per share of 13.4% for the six months to end-December, but its share price was off 3.81% to R122.30 soon after the JSE’s opening. Resilient associate property companies Nepi Rockcastle and Greenbay lost 2.75% to R166.77 and 3.06% to R1.90, respectively. MTN was only marginally up after announcing in a trading update that headline earnings per share (HEPS) to end December is expected to turn positive from a previous loss. Asian markets started the week on a weaker note, despite another record close on the Dow on Friday. The Dow rose 0.85% to 26,616.71, as earnings season in the US gained further momentum, with big tech companies reporting this week. The Nikkei 225 was off 0.01% and the Hang Seng lost 0.42%. "Domestic equities failed to react to the upbeat tone on US markets during the latter portion of Friday’s ses...
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