Press release content from Business Wire. The AP news staff was not involved in its creation.
South Africa Precious Metals and Minerals Mining Market Report 2020: Gold and Uranium & Platinum and Diamonds - ResearchAndMarkets.com
March 8, 2021 GMT
DUBLIN (BUSINESS WIRE) Mar 8, 2021
ADVERTISEMENT
This report focuses on the Mining of Precious Metals and Minerals - Gold and Uranium, Platinum and Diamonds, and includes comprehensive information on production, exports, costs, commodity prices and other influencing factors, as well as corporate actions and regulatory and other developments in the sector.
There are profiles of 35 companies including major gold producers such as AngloGold Ashanti, Sibanye-Stillwater, Harmony and Gold Fields, platinum-group metal players such as Anglo American Platinum, Impala, Northam, Mmakau and Royal Bafokeng and diamond miners Petra Diamonds and De Beers.
Word Count: 501
(Bloomberg)
Tencent lost as much as 6.7% in Hong Kong on Tuesday, as traders took profit after Monday’s 11% surge, which was Tencent’s biggest in almost a decade. Investors were also concerned by comments by an adviser to China’s central bank indicating that excessive liquidity and ultra-low borrowing costs were creating bubbles in the stock market.
Naspers fell 3.5% from a fresh record close, the biggest decline since Dec. 28, and causing the strongest drag on the overall market. Prosus, which holds Naspers’ 31% stake in Tencent, declined 3.3%, the biggest drop in more than two weeks.
Globally, risk sentiment took a beating as investors mulled a possible delay in the planned U.S. fiscal-relief package against a backdrop of concerns that some markets are overextended. South African stocks have spent their longest period in technically overbought territory since 2005, with the relative strength index on the benchmark index above the level of 70 that si
South Africa Stocks Rally to Record as Tencent Surge Boosts Naspers
By
January 25, 2021
(Bloomberg) South Africaâs main stocks index jumped 2.1% as of 10:07 a.m. in Johannesburg, setting a fresh intraday record, as Naspers Ltd. was lifted by a surge in partly owned Chinese online giant Tencent Holdings Ltd. Retailer Woolworths Holdings Ltd. was also among the leading gainers, soaring the most since 1998 after an upbeat trading statement.
Asian stocks and U.S. and European equity futures rose Monday as investors focused on the prospect of additional fiscal stimulus and supportive Federal Reserve policy amid the worsening pandemic.
Naspers advanced as much as 8.1%, the most in 10 months, to a new all-time high as Tencent jumped 11% in Hong Kong, the most since 2011. Naspers subsidiary, Prosus NV, which holds the companyâs 31% stake in Tencent, climbed 7.4% to the highest level since the company was carved out of the tech investor in September 2019.
Word Count: 510
(Bloomberg)
Asian stocks and U.S. and European equity futures rose Monday as investors focused on the prospect of additional fiscal stimulus and supportive Federal Reserve policy amid the worsening pandemic.
Naspers advanced as much as 8.1%, the most in 10 months, to a new all-time high as Tencent jumped 11% in Hong Kong, the most since 2011. Naspers subsidiary, Prosus NV, which holds the company’s 31% stake in Tencent, climbed 7.4% to the highest level since the company was carved out of the tech investor in September 2019.
Tencent Jumps as Citi Boosts Target, Kuaishou Seeks $5.4b IPO
Woolworths climbed 15% after saying it experienced improved trading momentum across all businesses in the final six weeks of the period ended Dec. 27.
Adelaide Changole Financial stock exchange market display screen board on the street
South Africa’s main stock benchmark drops for a fourth day, falling 0.2% by 9:42 a.m. in Johannesburg, with weakness in index giant Naspers Ltd, and a downturn in miners countering a resurgence in banks and gains in heavyweight Richemont.
Naspers, with an 18% weighting on the index, falls for a second day, down 0.5% to provide the biggest drag to the index, as partly owned Tencent Holdings Ltd retreats in Hong Kong.
BHP Group Ltd. (-0.7%) leads 0.4% drop in the index for mining stocks.
Sub-index for gold companies falls for a second day, down 1.9%, as the rand price of bullion drops to the lowest since March 20.