The JSE's Top40 index closed the first half of the year slightly positive at 0.8%. The Industrials were the leaders of the pack as the only major sector to rack up a positive return of 6.4% while resources were underwater by 9.6%.
The entire market has been propped up by a handful of top performing shares like Naspers, Richmont, BATS, BidCorp, Mondi and Capitec. The interesting thing to note i... ››› 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
If you thought politics and economics in South Africa is exciting, then you've been missing out on what happening in Europe right now.
The United Kingdom is about to make a drastic decision that could have an impact on the global economic system. On Thursday, the UK will have a referendum on the 'Brexit' - to decide if the UK stays or leaves the European Union.
Last week, a poll for the E... ››› more
The stock market never fails to impress me.
One day you can feel confident about your chosen investments for your medium to long term portfolio. And the next, you need to make a very big decision whether to buy more or sell the stock for a large loss.
Well, today I want to show you how you shouldn't be fooled by the comfort of top blue stocks.
They can turn sour very quickly.
Investors ... ››› more
Yesterday, shareholders in Glencore watched in amazement as shares plunged over 25% in London and Johannesburg.
The fall continued this morning in Hong Kong, where shares shed over 27%.
So what's going on with Glencore?
Let's take a closer look…
Shares in Glencore bounced higher following yesterday’s fall
This morning, shares in Glencore [JSE:GLN] climbed back over 5% in ear... ››› more
This diversified resource giant is one of the world's largest. Glencore Xstrata has a listing on the Johannesburg Stock Exchange and is one the top 40 companies…
Full name: Glencore Xstrata Plc
Short name: Glencore
Sector: Basic resources – mining
Five top facts about Glencore Xstrata
Glencore Xstrata employs about 181,000 people. These people work out of 9... ››› more
Last week Monday 18 May 2015, I surprised many of our Trading Tips readers.
I told you in the article “Resources are finally ready to rally after nine months of downside”, that you can expect huge upside to come.
I took quite a lot of criticism as well…
“Timon with all negativity in the market with, Eskom moving to stage 2 load shedding, E-tolls about to become compulsory to pay a... ››› more
“There is no crisis with the supply of coal to Eskom.”
These are the words of Brian Molefe, Eskom's new acting CEO in an interview with MiningMX.
Clearly he's unaware of the fact that Glencore is busy closing down its 10 million tonne a year Optimum Coal operations…
Or perhaps he's forgotten about the fact that a huge amount of Eskom's long term coal agreements are coming to an end ... ››› more
Finally! After nine months of downside, the resource market is set to soar again and go to previous highs. If you're looking for news on the micro or macro aspects of the resource market, you're at the wrong place.
I see something more powerful and profitable than what's already out there in the media. And it's all in just one simple chart!
This could be your trade of the year!
Let's d... ››› more
Shares in platinum producer Lonmin have been under heavy selling pressure today following an announcement by major shareholder Glencore to divest out of the business.
Glencore says this is due to platinum not being part of its core business.
Shares plunged in earlier trade, but have recouped some losses, but they remain down over 5%.
Let's take a closer look at what's going on…
Gl... ››› more
It's emerged that resource giant Glencore Xstrata sold its copper mine in Peru to a Chinese consortium for nearly $6 billion. The agreed price is at the high end of what analysts expected. The move by the Chinese companies demonstrates China's insatiable appetite for the world's resources. Let's take a closer look at the deal…
Master my s... ››› more
Yesterday, the power utility Eskom declared a power emergency. Eskom is responsible for providing 95% of the electricity supplies in SA. Eskom says its power supply was under severe pressure and asks users to cut down on usage. Let's take a look at why Eskom declared this latest power emergency…
Yesterday afternoon, Eskom declared a power emergency, reports Fin24. The company says that this wa... ››› more
Yesterday was a bad day on the JSE. The local bourse struggled as various factors played against it. Emerging markets are feeling the pressure of a looming cut to the US's stimulus programme. Let's take a closer look at what happened on the JSE yesterday…
The JSE fell yesterday “in line with a wider emerging market sell-off,” reports Fin24. With doubts over when the US Federal Reserve will... ››› more
Today saw Glencore Xstrata list on the main board of the Johannesburg Stock Exchange. This is a secondary listing for the diversified industrials giant. Its main interests are coal and chrome. Let's take a look at Glencore's listing on the JSE…
This morning, Glencore Xstrata shares began trading on the JSE, says IOL. This is a secondary listing on the local bourse. Glencore’s primary listing... ››› more
Earlier today, it emerged that Glencore Xstrata wants to secure a listing on the JSE in the fourth quarter of this year. This is down to the company's growing strength in Africa. Let's take a closer look at why Glencore Xstrata want to secure this secondary listing…
Glencore Xstrata announced today that it intends “to make an application to the Johannesburg Stock Exchange for a secondary lis... ››› more
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