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SA stocks set for first weekly drop of 2021; Sasol jumps
Foreigners remained net sellers of South African stocks for a seventh consecutive session Thursday, disposing of R56 million worth of shares.
By Adelaide Changole, Bloomberg
29 Jan 2021 10:43
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Image: Bloomberg
South Africaâs main stocks index was poised to halt a four-week rally that saw it post eight record closes since the start of the year and was headed for its first weekly drop of 2021.
The FTSE/JSE Africa All Share Index fell 1.4% as of 10:04 a.m. in Johannesburg, dropping for a third day this week, as weakness in miners and banks overwhelmed gains in index heavyweights Naspers and Sasol.
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