Ticker

iShares MSCI South Africa ETF (NYSEARCA:EZA - Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $66.48 and traded as high as $72.00. iShares MSCI South Africa ETF shares last traded at $71.30, with a volume of 114,608 shares.

The iShares MSCI South Africa ETF faces macro headwinds from global reflation - unfavorable yield curve dynamics for the financial exposure and commodity price pressures for others. EZA's portfolio is heavily exposed to gold, banking, and PGMs, all of which are challenged by current rate and inflation trends. Naspers provides some value appeal through its value, but higher rates threaten its portfolio valuations.