MARKET WRAP: JSE firms on improving oil prices
The rand remained under pressure, weakening for a fourth successive day against the dollar, reaching an intra-day low of R19.1786/$
23 April 2020 - 18:42
The JSE ended more than 3% firmer on Thursday as the rebound in oil prices continued. Attention now turns to an expected announcement by President Cyril Ramaphosa later on Thursday night on the easing of lockdown measures.
There was optimism in the market that with oil prices at historic lows, producers will continue to scale back on production to cope with a collapse in demand for fuel as the coronavirus pandemic ravages the world’s economies, reported Reuters...
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.