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Third worse day at the JSE in history

NewsLite by NewsLite
16th Mar 2020
in Economy
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The All Share Index closed 8.3% lower at 40,500.21 points.

Only three companies were in the green on Monday. Aspen gained 1.61%, Spar gained 1.47% and Tiger Brands gained 0.07%.

Naspers declined by 8.61%, Prosus declined by 7.85% and Impala Platinum declined by 18.71%.

The JSE reacted in pursuit of stock exchanges worldwide after the US Federal Reserve cut interest rates by one percentage point on Sunday night.

The S&P 500 fell 6% shortly after the opening of the New York Stock Exchange, the Dow Jones Industrial Index 10.7% and the Nasdaq 6.2%.

Meanwhile, the rand fell to R16.61 against the dollar

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