Investec shares up on profit outlook

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InvestecCEO Independent Newspapers Investec chief executive Stephen Koseff. Photo: Simphiwe Mbokazi.

Johannesburg - Shares of investment bank and asset manager Investec climb more than 4 percent to around 5-1/2 year highs after it announced on Thursday its full-year earnings would rise after it cut its bad debt charges.

South African financial markets were closed on Friday for a national public holiday.

Investec, which is also listed in London, rose 4.07 percent to 82.35 rand, its highest level in 5-1/2 years, according to Thomson Reuters data. - Reuters

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