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
JSE up 3,3%
Last week the JSE recovered from an oversold position to close the week with a gain of 3,3%. Financials gained 4,8% and Industrials were up 3,7%. Resources managed a gain of 1,5%.
DAX up 6,6%, CAC up 5.2%.
European markets breathed a sigh of relief as the Italian referendum failed, the Dax gained 6,6% and the CAC 5,2%. Italy was up 7,3% and Spain put in 6,5%
US Markets... ››› 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
Guy Algeo, Founder and Director at Prodigy Asset Management gives you an exclusive look into what he'd consider a buy this week and which shares you need to take out of your portfolio......
Stock market overview
Gold down 4,5%
Bullion’s strong performance for the year saw a shape correction last week it was down $60 or 4,5%.
The Rand held firm and so the softer gold price had... ››› more
You won't have enough money to retire.
I know I sound like the harbinger of doom, but it's a reality that you and most South Africans need to face up to.
Now you might be asking, why am I saying this about you? Well, I am only looking at the statistics.
The Financial Planning Institute of South Africa says less than a quarter of South Africans can afford to retire. If you think that's ... ››› more
There's a scary word floating around the investment world right now.
It's hanging over your portfolio like a black cloud. It's threatening your income, your investments and your financial future.
The frightening thing is many investors don't even know that their money is in danger. They're ambling along blind to the fact that they're about to lose a large portion of their investments.
... ››› more
Investing in South Africa today is proving to be a challenge for even the best investors. We have to deal with constant attacks to our investment capital.
Scam artists, investment fees, taxes, increasing cost of living as well as political decisions both local and internationally all seem to be aligned to do one thing, eat away at the wealth we are trying so hard to build.
The current situ... ››› more
“The rand could hit R60 to the dollar by 2019: Chris Hart” - Business Tech
“Chris Hart: Nothing can prevent SA's slide to junk” - Fin24
I spoke to Chris about his recession and junk status predictions at the South African Investor member meeting on 24 May 2016. I asked him if he was misquoted in the media. However, he was adamant that he is right about these predictions.
One of the... ››› more
Have you ever asked yourself, “Will you live as well as your parents did when you retire?”
That's a question thousands of South Africans ask themselves everyday when they reach retirement. The sad truth is, the answer is probably always, “No, I won't”
And, it's no surprise...
You know the statistics that say, only a quarter of South Africans will retire comfortably. The rest wi... ››› more
I love being a member of The South African Investor. Every month, the panel of investment experts reveal their favourite wealth building properties to grow and protect your hard-earned wealth.
Last month's issue of the South African Investor was truly something phenomenal. You see, Francois Joubert revealed four of his favourite undervalued investment opportunities in the market right now.
F... ››› more
It was a bumper day on the JSE as the local bourse closed higher. Helping boost the local market was multinational media giant Naspers. The company soared to an all-time high. And a stronger rand helped out the banks. Let's take a closer look at what happened on the JSE on the first trading day of the week…
Yesterday saw the JSE finish the day “at its highest level in four weeks,” reports ... ››› more
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