All data is delayed
Loading...
See More

Richemont down as Swiss exports drop

Oct 18 2012 10:28
Reuters

Company Data

COMPAGNIE FINANCIERE RICHEMONT SA [JSE:CFR]

Last traded 109
Change 1
% Change 0
Cumulative volume 2582469
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Richemont acquires VVSA

Richemont shares drop nearly 5%

Richemont lifts 5-month sales 23%

Richemont forecasts rise in H1 profit

Richemont to acquire Peter Millar

 

Johannesburg - Shares of luxury goods retailer Richemont [JSE:CFR] fell as data showed Swiss watch exports dropped for the first time in two-and-a-half years in September, hit by slowing Chinese demand.

Strong Asian demand for luxury watches had helped companies such as Swatch Group and Richemont sail relatively unscathed through the economic turmoil. However, Swiss exports to China fell by 16.3% in September.

Richemont shares are down 3.8% at R55.60, making it the worst performing share on the Top 40 - (Tradeable) [JSE:J200] index which has shed 0.4% so far this morning.


richemont

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're Talking About...

Savings Month

It's never too late to start saving. Visit our special issue and add your voice.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The proposal to nationalise SARB will

Previous results · Suggest a vote

Loading...