JSE headed for cautious start on Friday as BHP falls
Main bourse, which will close at 3pm on Friday to facilitate the launch of a new derivatives platform, is likely to take its cue from Asian markets, which were mixed
The JSE could get off to a cautious start on Friday — a shortened trading day — as index-heavyweight BHP Group tumbles in Australia and global risk appetite remains muted. SA’s main bourse, which will close at 3pm to facilitate the launch of a new derivatives platform, will likely take its cue from Asian markets, which were mixed after the morning session on Friday. “Global risk appetite may take a breather today,” Singapore-based OCBC Bank said. The US and Japan have commenced trade talks, concerns are growing about North Korea, and markets “may tread water” ahead of the release of US first quarter GDP growth numbers later in the day. Hong Kong’s Hang Seng index was 0.1% up at the lunch break, while Japan’s Nikkei 225 was 0.6% lower. Shares in Naspers-associate Tencent were flat, while JSE-heavyweight BHP Group was 1.7% down in Australia. On the JSE, Pick n Pay Stores and African Equity Empowerment Investments (AEEI) are due to publish results. Pick n Pay said earlier in March earn...
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