Daily Solutions – 09 December 2016
JOHANNESBURG – The JSE pushed decisively higher for the second session running on Thursday, as it looked to catch up with some of its major peers. The all share index was up 1.1% to 50,021.30 points at lunchtime, drawing support from most of the main constituent indices, including miners and industrials. “I don’t think that it is a sudden enthusiasm that has gripped us; I just think that it is a continuation of the volatile nature in which our market has been trading for the past few months,” said Herenya Capital Advisors founder Petri Redelinghuys. “We have drastically under-performed our peers in the emerging and developed markets, so we are perhaps just catching up a little.” The all share has been in negative territory so far in 2016, compared with the Dow Jones industrial average which is up 12% over the same period. Brazil’s Bovespa leads the pack among the leading emerging markets, having gained 41% in local currency terms. On the JSE, Steinho led the top-40 index for the second day, notching up 5% to R73.16, adding to a 9.5% on Wednesday, following its quarterly report. US MARKETS – U.S. equities closed higher on Thursday, notching fresh record highs, […]
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Daily Solutions – 08 December 2017
JOHANNESBURG - The JSE closed firmer on Wednesday with broad-based gains on buoyant global markets and as strong quarterly results from Steinho and Sanlam supported sentiment. The market was boosted by firmer global markets, despite lower oil prices, with Asia setting the scene early in the day.
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Asset Management Monthly Round-Up: November 2016
Emerging markets slipped up during November, underperforming developed market equities for the first time in five months. Resource stocks became a popular choice after Donald Trump was announced America’s next president elect.
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Daily Solutions – 07 December 2016
JOHANNESBURG - The JSE reversed Monday’s gains on Tuesday on weaker GDP growth data as the stronger rand caused miners and industrials to retreat without providing the usual support for retailers and banks. The weaker trend among commodities came after Brent crude softened following a strong recent run which began with oil cartel Opec’s decision to cut production.
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Africa Beat for the week ended 02 December 2016
The intention of the Investment Solutions Africa Beat is to provide you, the investor, with news flow from the rest of the African continent so you can have more knowledgeable discussions around Africa as an investment destination. We hope you will enjoy the brief updates. Please feel free to share your comments and thoughts by getting in touch with the Technical Solutions Team.
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