The JSE may take a breather on Monday after Friday’s 3.25% bounce.Naspers will not get any direction from its 31%-owned associate Tencent because the Hong Kong stock exchange is closed for a national holiday.Tencent’s 3.9% rise on Friday lifted Naspers 6.52% to R3,485, which in turn helped the top 40 rise 3.49% to 51,516 points.In Frankfurt, Steinhoff International closed 6.41% lower at 7.3 euro cents on Friday after releasing results for the six months to end-March. In contrast, Steinhoff rose 6.6% to R1.29 on the JSE on Friday.Steinhoff has still not released its interim results for the six months to end-September 2017, and is expected to sometime this week.Tokyo’s Topix index was down 1.35%, and Sydney’s ASX 200 was down 0.2%, indicating the JSE may start the week on a bad note.The rand was trading at R13.73 to the dollar, R16 to the euro and R18.10 to the pound at 7am.The poor health of SA’s manufacturing sector will be in focus on Monday, with June’s purchasing managers index (...
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