MARKET WRAP: Richemont leads losses on the JSE
Luxury goods group has its worst day in at least 22 years after flagging a global environment that is the “most unsettled” it has experienced for a number of years
20 May 2022 - 19:35
Industrial heavyweight Richemont led the losses on the JSE, while global markets were mixed as investors fretted about a weakening economic outlook amid high inflation.
The industrial index was the worst performer led by a sharp decline in Richemont after the company announced that it will suspend commercial activities in Russia...
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