|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||33.53 - 34.28|
|52 Week Range||21.25 - 40.33|
|Beta (5Y Monthly)||0.48|
|PE Ratio (TTM)||24.01|
|Forward Dividend & Yield||0.10 (0.28%)|
|Ex-Dividend Date||Sep 12, 2019|
|1y Target Est||N/A|
(Bloomberg) -- South Africa’s main stock index halts a four-day rally, falls 1.3% by 9:15am in Johannesburg, as index heavyweight Naspers Ltd. drops 4.4% after U.S. President Donald Trump signed a pair of executive orders prohibiting U.S. residents from doing business with the Chinese-owned TikTok and WeChat apps beginning 45 days from now, citing the national security risk of leaving Americans’ personal data exposed.NOTE: Trump Widens China Tech Attack, Banning Tencent’s WeChat, TikTokNaspers holds a 31% stake in WeChat’s owner, Tencent Holdings Ltd, which plunged as much as 10% in Hong Kong. Naspers subsidiary Prosus NV, which holds the company’s stake in Tencent, retreated 5.4%.“This directly impacts Naspers and Prosus via Tencent and similarly will dampen sentiment on tech,” says Casparus Treurnicht, a fund manager at Gryphon Asset Management in Cape Town. As Naspers and Prosus make up more than 20% of the benchmark index, “one should be worried.” The fresh U.S.-China turmoil threatens to derail this week’s rally in global shares. Better-than-forecast earnings and optimism on a coronavirus vaccine had helped lift a gauge of world equities to little changed for the year. Friday weakness trims the FTSE/JSE Africa all share’s weekly gains to 2.2%, still set for a second consecutive week of advances.Gold and platinum stocks lead the gauge for mining firms lower for the second day, down 0.6%NOTE: Gold Pares Weekly Gain After Rally to Record, Silver RetreatsAngloGold Ashanti Ltd. -2.5% after the company’s first-half profit more than tripled as it reaped a windfall from this year’s surge in gold prices.NOTE: AngloGold Profit More Than Triples on Price Rally, Output SlipsGold Fields Ltd -2.5%, Sibanye Stillwater Ltd. -1.4%, Impala Platinum Holdings Ltd. -1%, Anglo American Plc -0.3%, Anglo American platinum Ltd. -0.8%, Northam Platinum Ltd. -1.1%Richemont falls 0.5% after vote on conditional share capital increase. British American Tobacco Plc -1%Foreigners turn net buyers of South African stocks Thursday, purchasing 69m rand worth of shares, according to index operator JSE Ltd.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- South Africa’s main stock index advances for a fourth day, climbing to the highest since Feb. 20, as first-half earnings lift Mondi Plc, and as rising iron ore prices boosts diversified miners BHP Group Plc and Anglo American Plc.Gold miners halt a two-day rally, fall 1.5%, as the precious metal producers cool. Meanwhile Naspers Ltd. retreats amid concern that the U.S. will take more measures to limit the use of Chinese technology.The FTSE/JSE Africa All Shares Index was up 0.6% at 9:39 a.m. in Johannesburg, taking its annual gains to 1.4%, erasing all of its 2020 losses.Mondi +7% to highest since March 2019, providing biggest boost to the index after the company reinstates dividendRand-hedge Richemont rises 0.6% as the currency slides against the dollar.Index for bank stocks rises for a third day, up 1.8%Standard Bank +2.3%, FirstRand +1.7%, Absa +1.8%, Nedbank +1.5%, Capitec Bank +1.1%, Investec +1%Insurers +1.5%Sanlam +1.8%, Old Mutual +1.3%, Discovery +1.1%, Momentum Metropolitan +1.4%, Liberty +0.6%Index heavyweight Naspers Ltd. falls 0.5% to provide biggest drag to the index, as partly-owned internet giant Tencent Holdings Ltd. falls in Hong Kong.NOTE: China’s Stocks Fall on Concern U.S. Will Broaden Assault on TechGold stocks shake off record bullion prices, fall 2% to pull gauge for mining stocks down 0.4%AngloGold Ashanti Ltd. -2.4%, Gold Fields -1.7%, Sibanye Stillwater -2.3%, Harmony Gold Mining -4%, Impala Platinum Holdings -1.4%, Anglo American Platinum -1.4%, Northam Platinum -0.6%, DRDGold -2.6%Foreigners remain net sellers of South African stocks, disposing 2.24b rand worth of shares, according to index operator JSE. Ltd.NEWS:World’s Best-Performing Gold Stock Doesn’t Operate Any MinesRand-Hedges Cushion S. African Investors from Macro Gloom: JSESouth Africa New-Car Sales to Drop to 17-Year Low on PandemicFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
India's Flipkart said on Tuesday it plans to offer 90-minute deliveries for groceries and home accessories, as the Walmart-owned online retailer goes head to head with Amazon.com Inc in a key growth market for e-commerce. Flipkart said its hyperlocal service, dubbed Flipkart Quick, will also sell mobile phones and stationery items, taking it a step further than existing quick-delivery services which mainly offer just groceries. Flipkart Quick will debut in select locations in Bengaluru, the company said, without specifying a launch date.