In the beginning of November 2017, the markets had been giving traders a rough ride. The All Share Index continued to move sideways while we were making profits.
And when I looked at the market, I saw Reinet had found support at its previous high of R29.12.
I expected the share to break through this level and this gave us an opportunity for a quick gain on the 4 October 2017.
Just 3 week... ››› more
The JSE Top 40 closed the week down 1,5%.
Higher commodity prices; Gold, Silver and Brent Oil were up more than 2%, while Platinum managed 1,6%. These were not enough to save the Resources Index (down 3%) from a stronger Rand. Industrials and Financials were also softer.
Anglogold up 9,3% and Harmony 9,5% responding to a firmer Gold Price (up 2,5%).
PSG rallied 6%, see comment below. ... ››› more
Last week's sentiment remained positive and markets continued their rally. President Trump's first days in office are being closely monitored and provide plenty for traders to digest.
The JSE Top 40 closed the week up 0,8%, but retreated slightly on Friday along with generally softer developed markets; for the year to date the JSE is up 7,7%.
Kumba rallied 27% after it provided a product... ››› 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
Reinet Investments, with Johann Rupert as its chairman, is an investment company with its main asset a stake in British American Tobacco. It's one of the top 40 companies on the Johannesburg Stock Exchange…
Full name: Reinet Investments SCA
Short name: Reinet
Sector: Investment instruments – equity investment instruments
Five top facts about Reinet Investments
Fact #... ››› more
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