AFROX: 2,208 +87 (+4.10%)
South African Markets - Factors to watch on Sept 10
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Monday.
South African industrial gas supplier African Oxygen (Afrox)
reported a 10 percent increase in half-year profit on
Monday boosted by volume growth from its liquefied petroleum
gas, healthcare and bulk industrial gases products.
SOUTH AFRICAN MARKETS
The rand firmed on Friday as data showed South Africa's
current account deficit narrowed, boosting investor sentiment
towards the currency amid a broader recovery in emerging
Asian shares started the week in the red on Monday,
faltering for the eighth straight day while the dollar climbed
as U.S. President Donald Trump raised the stakes in the heated
trade dispute with China.
Wall Street's major indexes fell on Friday as U.S. President
Donald Trump raised the possibility of additional tariffs on
Chinese imports and Apple Inc AAPL.O indicated that some of its
products could be subjected to such levies.
Gold held on to a small loss from the previous session on
Monday, as the dollar firmed amid expectations of a U.S. Federal
Reserve interest rate hike in September and fears of escalating
trade tensions between the United States and China.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Bain & Co replaces head, to repay SARS fee
- Director's share sales added to MTN's woes
- Aveng disposing of Trident, Grinaker-LTA
- Poland's EPP to sell off all office assets
(Compiled by Nqobile Dludla)
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