Blue chips drag BSE southwards
Tuesday, April 25, 2017
Trading in the domestic bourse depreciated in the first quarter of 2017, reaching 9225.22 points, down 1.9% on the previous quarter.
According to a BSE market performance report, the domestic company index (DCI) shed 1.9% to 9225.22 points with the market slowing in the first two months of 2017 before recovering in March.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...