The JSE reversed its morning gains on Tuesday afternoon despite an improvement in SA’s business confidence in April. The SA Chamber of Commerce and Industry’s (Sacci) business confidence index (BCI) for April climbed to 93.7 points after hitting a seven-month low the month prior.However, the all-share index, which was up in morning trade, fell 0.41% to 58,470.6 points by 1.35pm with general retailers leading the losses, falling 1.67%. The top 40 was down by 0.43%. Mr Price fell 1.2% to R220.48, Truworths 4.3% to R75.61, TFG 1.88% to R193, Woolworths 1.99% to R48.70, and Massmart 3.41% to R88.03. PPC fell 2.95% to R4.94. AB InBev was down 2.62% to R1,242.01. Nepi Rockcastle, the second largest listed property went up by 0.89% to R124.27, after the company was cleared of false and misleading reporting by the Financial Sector Conduct Authority (FSCA). MTN rose 0.24% to R103.91 after a court ruling that the telecoms giant had met a deadline to respond to a $2bn tax demand from Nigeri...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.