FirstRand Limited is trading 7.3% down at €4.68, with the decline coinciding with the release of a pessimistic economic report from its own subsidiary.
- A quarterly business confidence index from FirstRand's Rand Merchant Bank dropped eight points to 39, the weakest level since the third quarter of 2025.
- The report cited escalating Middle East tensions, higher oil prices, and shifting interest-rate expectations as reasons for the decline in business sentiment.
- This news provides a fundamental reason for the stock's sharp reversal from its 6.1% rally on the previous day.