Thursday is a busy day for JSE watchers, with results from Standard Bank, Truworths, Gold Fields, Exxaro, Adapt IT, City Lodge Hotels, and Freedom Property Fund.Asian markets indicated the JSE is likely to suffer its third trading day of losses, with mainland China’s Shanghai composite index down 0.87%, Hong Kong’s Hang Seng index down 0.61%, Tokyo’s Topix down 0.67%, and Sydney’s ASX 200 down 0.11%.Tencent was down 2.92% to HK$326.20 in Hong Kong, indicating its 31%-owner Naspers’s 8.2% plunge to R3,060.88 on Wednesday was an overreaction. Tencent released its results after the Hong Kong stock exchange closed on Wednesday, causing Naspers to suffer a knee-jerk reaction to the 2% decline in net profit its Chinese internet associate reported.The rand, which weakened to R14.74 to the dollar on Wednesday, had recovered back to R14.45 to the dollar, R16.45 to the euro and R18.38 to the pound by 6.20am on Thursday morning.Standard Bank has not issued a trading statement, indicating its e...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00.