JSE may find support from risk-on trade as Naspers weighting drops
Positive Asian markets and continued interest in the rand should support the local bourse a little, as Naspers’s new unit lists in Europe
11 September 2019 - 07:31
The JSE should find some support from a positive stance towards risk assets on Wednesday morning, with Asian markets higher as investors consider forthcoming US-China trade talks.
All eyes will be on market heavyweight Naspers, which is due to list its internet assets in Amsterdam under new subsidiary Prosus, later on Wednesday. This will reduce the JSE weighting of Africa’s largest company by market capitalisation...
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.