ADVERTISEMENT

Rand, stocks flat in thin pre-holiday trade

By 0645 GMT the rand had firmed 0.16 percent to 15.1975 per dollar, taking advantage of a pause in the greenback's recent rally sparked by renewed signs that the United States central bank would raise further in 2016.

American dollar notes are displayed in this photo illustration in Johannesburg August 13, 2014. EUTERS/Siphiwe Sibeko

South Africa's rand and stocks were largely unchanged on Thursday in thin trade ahead of the Christmas holiday.

On the equities market, the JSE securities exchange's Top-40 futures index was up marginally, pointing to a flat open for the index at 0700 GMT. The JSE will close its doors early at 1030 GMT on Thursday.

The dollar index, which measures the U.S. currency against a basket of major currencies, was down 0.14 percent.

Government bonds were flat in early trade, with the benchmark paper due in 2026 unmoved at 9.46 percent.

ADVERTISEMENT

Many financial centres around the world will shut early and stay closed on Friday for the Christmas holidays, with some only resuming trade on Tuesday.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Yahaya Bello: Charge, prosecute US school for money laundering - Sowore to EFCC

Yahaya Bello: Charge, prosecute US school for money laundering - Sowore to EFCC

Don't hide deformed kids, they can contribute to nation's growth - Expert

Don't hide deformed kids, they can contribute to nation's growth - Expert

Tragedy as suspected bandits ambush, kill army commander in Katsina

Tragedy as suspected bandits ambush, kill army commander in Katsina

Adeleke wants residents to fish out water pipeline vandals round the clock

Adeleke wants residents to fish out water pipeline vandals round the clock

APC uncover how Kano govt mobilises protest against Ganduje in Abuja

APC uncover how Kano govt mobilises protest against Ganduje in Abuja

Governor Mbah swears in new ENSIEC officials, stresses on credible service

Governor Mbah swears in new ENSIEC officials, stresses on credible service

New minimum wage announcement on May Day not feasible - TUC president

New minimum wage announcement on May Day not feasible - TUC president

Yahaya Bello: School writes EFCC to refund $760k fees paid for ex-Kogi gov's children

Yahaya Bello: School writes EFCC to refund $760k fees paid for ex-Kogi gov's children

Cross River Govt to compensate Calabar/Itu property owners with ₦400m

Cross River Govt to compensate Calabar/Itu property owners with ₦400m

ADVERTISEMENT
ADVERTISEMENT