The JSE is likely to open stronger on Friday morning, with major Asian stock markets heading for a positive end to the week. In Hong Kong, the Hang Seng index was up 0.3% at the lunch break, while Japan’s Nikkei 225 was up 1.1%. Stocks were buoyed by a rally in China after indexing group MSCI said it would increase the proportion of mainland Chinese stocks in its global benchmarks, Reuters reported. Asian markets were also benefiting from upbeat Japanese manufacturing figures, Anchor Capital said in a note. Naspers’s main asset, Tencent, was 0.5% higher in Hong Kong, while JSE heavyweight BHP Group was marginally lower in Australia. MTN’s JSE-listed shares are likely to react to a trading update the mobile operator published after the market’s close on Thursday. The group said headline earnings per share (HEPS) in the year to end-December would be between 80% and 90% higher than in 2017, or between 328c and 346c, despite its troubles in Nigeria. However, some analysts had expected a...

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, 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