40 days ago • Posted by William Ramstein

South African stocks could become bargains soon

Overbought stocks saw a slight dip monday in South Africa as foreigners were net sellers of South African stocks for a fourth consecutive day Monday, disposing of 219 million rand worth of shares, according to exchange operator JSE Ltd. South Africa’s main stocks index declined 1%, the biggest intraday decline in 2021, after a slump in Tencent Holdings Ltd. in Hong Kong pulled benchmark giant Naspers Ltd. and its subsidiary, Prosus NV, lower. Source: Bloomberg

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