MARKET WRAP: JSE has best day in almost three weeks
The all share climbed 3.88% and the top 40 3.98%, with gold and platinum miners performing well
14 April 2020 - 18:07
The JSE has had its best day in almost three weeks, while the yield on the 10-year bond fell to its lowest level in a month on Tuesday as investors digested the second repo rate cut by the SA Reserve Bank in less than a month.
The local bourse gained more than 3% on the day with gold miners and the platinum mining index leading the way after the Reserve Bank cut the repo rate by 100 basis points (bps) to 4.25%, in an emergency move to combat the effects of Covid-19 on the local economy. ..
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.