Fairtree Capital portfolio manager Jean-Pierre Verstern says there is a bit calmer and optimism after the Johannesburg Stock Exchange (JSE) saw another major drop with the All-Share Index losing about 9% of its value, trading at around 44,471 points on Thursday.
Verstern explains what happened.
I think it was a day of high emotion, a lot of fear grappling participants in the market.— Jean-Pierre Verstern, Portfolio manager - Fairtree Capital
In a day like yesterday both traders and investors were filled with fear mostly because of coronavirus and the collapsing oil price and therefore there was indiscriminate selling.— Jean-Pierre Verstern, Portfolio manager - Fairtree Capital
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