×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The JSE all share opened weaker on Thursday as banks and retailers fell on the weaker rand, with Naspers hitting a five-month low. The local bourse is trading close to annual lows as global risk-off sentiment continues to hammer emerging markets. At 9.48am the all share was 1.07% lower at 54,580.30 points and the top 40 lost 1.17%. General retailers dropped 2.82%, food and drug retailers 2.55%, banks 2.48%, financials 1.89%, industrials 1.69% and property 1.33%. Resources added 0.94%. Naspers was on the back foot after Chinese internet company Tencent fell to a 12-month low in Hong Kong trade. Naspers, which owns about a third of Tencent, extended losses for the year so far to 15.7% and was 1.93% lower at R2,912.58. US markets ended Wednesday on a buoyant note, with the Dow closing up 0.2% at a record high following the release of upbeat jobless claims data. Chinese markets were lower, with the Hang Seng losing 1.84% and the Nikkei 0.56% on Thursday. JP Morgan dropped its rating on ...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now