JSE set for a positive start to the week
The local bourse is likely to take its cue from Asian markets, which rose in early trade despite the prospect of a delayed resolution to the trade war between the US and China
The JSE is likely to open higher on Monday morning, taking its cue from Asian markets, which rose in early trade despite the prospect of a delayed resolution to the trade war between the US and China. The Shanghai Composite rose 1.3%, while Hong Kong’s Hang Seng index was 0.7% up at the lunch break, boosted by Tencent’s 2.1% gain. The technology company is 31% owned by Naspers, implying a strong opening for Africa’s largest public company on the local bourse. Japan’s Nikkei 225 index was 0.6% higher. Australian stocks were 0.2% up, with JSE-listed resources giant BHP Group 1.3% higher in that market. On the JSE, Sun International and AdvTech are due to report annual results on Monday, while Ascendis Health is scheduled to report interim numbers. Sun International said last week its adjusted diluted headline earnings per share (HEPS) would fall by between 275c and 330c, versus 298c the prior year. Ascendis, which will present its financials to analysts at 10am, said in early March th...
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