Ceasefire in US-China trade war may boost JSE
Monday’s flood of results includes Sasol, Aveng, Hammerson and Liberty Two Degrees
The Shanghai composite index surged 3.3% on Monday morning on the news that US President Donald Trump delayed his threatened tariffs on $200bn of Chinese goods, which were to take effect this week. Naspers’s dominant asset Tencent, however, rose only 0.23% to HK$344.80, with Hong Kong stocks generally less euphoric than those in mainland China. In Sydney, the JSE top 40’s second largest-constituent, BHP, was up 0.81% to A$38. A busy week for company results kicks off on Monday with the top 40’s fifth-largest constituent, Sasol, UK shopping mall owner Hammerson and local shopping mall owner Liberty Two Degrees. Other companies scheduled to report on Monday include construction group Aveng, Super Group, Tower Properties and Accentuate. Sasol said in a trading update on February 8 that it expected headline earnings per share (HEPS) to have increased about 32%, while basic earnings per share more than doubled. The synthetic fuel producer said it benefited from higher oil prices and a we...
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