JSE falls 1.1% as Absa confirms R2.4 billion write-down

The JSE All Share fell 1.10% to 118,205.04 on April 9, while the Top 40 lost 1.09% to 110,452.96. Absa Group confirmed a R2.4 billion write-down tied to its technology pivot, according to Azat TV, after naming Sitoyo Lopokoiyit chief executive of personal and private banking on April 7, Tech Review Africa reported. Resources stayed in focus with coverage centered on copper and platinum group metals through Rio Tinto and Sibanye-Stillwater, according to news.financial. Capitec Bank also featured in April 8 coverage on why the stock is drawing global investor attention, according to AD HOC NEWS.