Maseru Securities Market

Market Status: Closed

Global Market Review

 

UNITED STATES

U.S. stocks reversed earlier gains in the week to close lower on Wednesday as FED ultimately raised interest rates by 25 basis points for a third time in 2018 and predicted a further hike in December and three (3) more in 2019. Apart from the FED rate hikes, issues surrounding trade remained at the top of investors’ list of worries and the resultant trade jitters have led to short-term volatility on fears that the situation could spiral out of control.

PERFORMANCE OF U.S MAJOR INDICES

 

Dow Jones

 

  -0.4%

26,385.28

S&P 500

 

  -0.3%

  2,905.97

NASDAQ

 

  -0.2%

 7,990.37

 

EUROPE

Taking a nod from U.S stocks, European stocks modestly rose at opening of Thursday trading sessions buoyed by modest performance in both automobile and banking stocks as investors digested the FED’s decision to hike interest rates. This is because European investors are convinced that money policy moves in the U.S – the largest economy in the world influence trade in the Euro area. 

 

PERFORMANCE OF MAJOR EURO INDICES

 

Pan EURO Stoxx

 

0.3%

       385.06

CAC 40

 

0.6%

   5,512.73

DAX 30

 

0.1%

12,385.89

FTSE 100

 

0.1%

7,511.49

 

 

ASIA

Stocks in Hong Kong lead the Asian markets rally as they advanced solidly on Wednesday in defiance of President Donald Trump reiteration of his administration's stance on trade, telling the United Nations General Assembly that his country would no longer tolerate abuse. China’s markets also gained amid expectations for a higher weighting of its companies providing biggest market caps in its global benchmarks. Japan’s Nikkei stock index was the region’s foot-dragger though rebounded late to post a modest rise at the close.

PERFORMANCE OF MAJOR ASIAN INDICES

Hang Seng

 

1.1%

28,816.87

ASX 200

 

 0.1%

6,192.30

Kospi

 

0.7%

2,355.43

Nikkei

 

0.4%

24,033.79

 

SOUTH AFRICA

The JSE closed lower on Wednesday mainly due to the mining shares that lost ground after gains earlier in the week. The resource index was down 1.89%, while the Financial and Industrial indices were relatively flat, losing 0.01% and 0.17% respectively. The rand closed Wednesday firmer against major currencies trading at R14.20/$, R16.68/€ and R18.73/£.

South Africa

 

 

 

All-Share

56,907.07

 -0.55%

56,907.07

 

Market News

Global Market Review
27 Sept 2018 1100hrs
CBL 74th MPC Meeting Statement
27 Nov 2018 1500hrs
Notices