Thin trading volumes have hit JSE Ltd, with the company reporting a double-digit drop in interim earnings as low volatility and declining investor sentiment hurt revenue.
“The country is plagued by low growth, [credit] ratings downgrades and a loss of business confidence. It’s a tricky environment to make long-term capital bets and we see the results of that,” JSE CEO Nicky Newton-King said on Thursday.
For the six months to June, the JSE’s operational earnings slipped 20% to R453m.Risk Warning:
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.