The JSE was up 3,6% last week, adding to gains from the week before. The All Share index is now up 5% in two weeks, Resources 8,2%, Industrials 4,6% and Financials up 1,3%.
January is known to be a month with larger moves than normal, double digit figures are quite common. Watch out for the reversal in February. 2016 was a case in point…
Commodity Prices were firm with good gains from Pla... ››› more
2016 has been a year many will quickly forget, but for the shock results of the Brexit vote and the US elections; it was a year where many cans were kicked down the road.
Global growth remained benign and potential silver-linings have yet to gain material traction because of lingering uncertainties such as the future US foreign policy, the tensions in South East Asia, lingering debt problems i... ››› more
3 to Buy
We're expecting positive results to boost this retailers share price
Yes, we have mentioned Steinhoff before, the stock has fallen significantly since June. They will release financial results later this week. We expect more clarity on the impact of Brexit and the acquisitions. Positive results will give the current price a lift, Buy Below R64,00.
A rare opportunity to ... ››› more
JSE All Share marginally positive, up 0,7%
After several volatile weeks, due to policy uncertainty, some calm appears to have returned to the markets. The JSE All Share Index was up 0,7% last week. Resources were down 3%, while Industrial's up 1,8% and Financials' up 2,5% lifted the markets overall.
Brent Crude up 5%
Russia indicated it would support a cut in output if adopted by Opec. Ma... ››› more
Dear MoneyMorning reader,
US Stock up 3%, Emerging Markets down 4,5%
US Stocks recovered from sharply lower levels after a reconciliatory speech from President elect Donald Trump which eased market fears; Energy and Industrials were the leaders based on his plans for infrastructural development.
Emerging Markets have been left out in the cold as investors evaluate the impact of a Trump p... ››› more
Industrials down 3%
Industrials took the brunt of weaker markets last week as concerns regarding the economic outlook post US elections weighed on sentiment. Woolies was down 6,3% and several other industrial shares fell by approximately 4%.
Naspers down 7,9%
Rand strength and weakness in social media stocks put pressure on Naspers. Facebook was down 8,6% while Groupon fell 19%. Some anal... ››› more
Big Movers of the week
GOLD Stocks down 8,3%
The rollercoaster ride in Gold stocks continued last week, after bouncing the week before the Index was down 8,3%. Sibanye faired worst falling 13,7% while all the other major gold stocks gave up their recent gains.
MTN up 5,7%
Rebounding from lows, MTN was up 5,7% last week after a year of problems. The company has announced several heavywe... ››› more
GOLD Stocks up 4,6%
Gold stocks bounced back, following a sharp selloff in the Gold price over the previous two weeks. It found support at $1260, which gave local stock some relief.
British American Tobacco 4,8%
Quarter 3 results from the Tabacco company were strong and the company has announced that it will buy out the rest of Reynolds America for $47 billion. The stock retreated on conc... ››› more
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