{"id":456892,"date":"2020-12-14T10:32:18","date_gmt":"2020-12-14T08:32:18","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=456892"},"modified":"2020-12-14T10:32:18","modified_gmt":"2020-12-14T08:32:18","slug":"south-african-stocks-fluctuate-ahead-of-possible-covid-19-restrictions","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/456892\/south-african-stocks-fluctuate-ahead-of-possible-covid-19-restrictions\/","title":{"rendered":"South African stocks fluctuate ahead of possible Covid-19 restrictions"},"content":{"rendered":"

South Africa\u2019s main stock index erased a retreat of as much as 0.4% to be 0.1% higher as of 09h36 in Johannesburg, with the extension of a Brexit deadline, progress on vaccine deployment and US stimulus talks supporting investor appetite for riskier assets.<\/p>\n

Bank stocks were higher, benefiting as the rand gained due to the favourable risk sentiment. Nedbank Group Ltd. led the advance, climbing 1.3% as the sector index rose 0.7%.<\/p>\n

MTN Group Ltd. was among the stocks providing the most support to the market, rising 6.7% to recover some of the heavy losses at the end of last week following the suspension of new\u00a0SIM-card sales in Nigeria.<\/p>\n

An index of gold stocks slipped as investor demand for haven assets waned. DRDGold Ltd. dropped 3%, with Gold Fields Ltd. down 1.2%, and AngloGold Ashanti Ltd. losing 0.9%.<\/p>\n

Locally, much attention is focused on an address to the nation by President Cyril Ramaphosa later Monday, where he is widely expected to announce new measures to combat a resurgence in Covid-19 cases.<\/p>\n

Health Minister Zweli Mkhize last week declared that the country had entered a second wave of\u00a0coronavirus infections.<\/p>\n

Foreigners were net buyers of 3.6 billion rand of South African stocks on Friday, according to exchange operator JSE Ltd., the largest inflows since September 2019.<\/p>\n

\"\"<\/a><\/p>\n

\n

Read: South Africans are poorer after lockdown, data shows<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

South Africa\u2019s main stock index erased a retreat of as much as 0.4% to be 0.1% higher as of 09h36 in Johannesburg, with the extension of a Brexit deadline, progress on vaccine deployment and US stimulus talks supporting investor appetite for riskier assets.<\/p>\n","protected":false},"author":59,"featured_media":293562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[26],"class_list":["post-456892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/456892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=456892"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/456892\/revisions"}],"predecessor-version":[{"id":456896,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/456892\/revisions\/456896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/293562"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=456892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=456892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=456892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}