MTN: 10,775 -128 (-1.17%)
South African Markets - Factors to watch on March 1
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Friday.
- Absa Purchasing Manager's Index. 0900 GMT
- New Vehicle sales for February. 1200 GMT
- Full Year 2018 SA Corporate Real Estate Fund Managers
- Full Year 2018 Delta Emd Ltd Earnings Release.
- Half Year 2019 Hyprop Investments Earnings
- Q2 2019 Distell Group Earnings Release.
- Q2 2019 African Rainbow Minerals Earnings Release.
SOUTH AFRICAN MARKETS
The South African rand fell on Thursday as fading hopes for
a U.S-China trade deal and an unsatisfactory end to the
U.S.-North Korea summit subdued demand for emerging market
Stocks ended slightly lower, with Massmart MSMJ.J among the
biggest decliners after the retailer reported annual earnings
down by a third and gave downbeat outlook.
Asian shares rose on Friday, driven by a rally in Chinese
markets after index publisher MSCI announced it would boost the
proportion of mainland shares in its global benchmarks, while
strong U.S. economic data helped the dollar higher.
Wall Street's main indexes fell slightly on Thursday as
support from better-than-feared U.S. GDP data was countered by
concerns about earnings and U.S.-China trade relations.
Gold prices hit a two-week low on Friday as the dollar
recouped losses on upbeat U.S. economic data, while mounting
concerns over a slowdown in global growth offered support to the
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Employees at Gupta-linked coal mines still unpaid
- MTN earnings double despite Nigerian woes.
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