NMG Mercado Released [30 March 2015]
LOCAL MARKETS CLOSE IN POSTIVE TERRITORY
South African markets closed in positive territory at the end of last week, as a recovery in industrial stocks gave markets a boost. Mining shares performed poorly throughout Friday, despite the stocks being considered as undervalued. The weaker local currency has failed to assist firms within the sector. Global factors also weighed on markets. The All Share and Top 40 added 0.4% and 0.5% respectively for the day, whilst they attained negative returns for the week. South African bonds also moved lower, losing 0.3% for the week.
For more on the economy read this week’s NMG Mercado here