By Gareth van Zyl
Major indices on the Johannesburg Stock Exchange (JSE) are at the same levels as in 2015, resulting in little to no growth for investors for the past 24 months.
This is according to a report in Fin24 which says that while some indices are higher year-to-date, there has been no long-term growth and that dividends have become the main form of returns.
This drift has occurred despite emerging markets’ strong run in recent years. Local banking shares have been hardest hit amid recent political turmoil.
But this week JSE heavyweight Naspers has started to regain some lost ground at 1.67% higher at R2 515.98 on Monday, signalling that the share may have been oversold in recent weeks.
The post Drifting sideways: JSE suffers no long-term growth for 2 years appeared first on BizNews.com.