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Archive for the ‘Industry Updates’ Category

 

Daily Solutions – 08 December 2017

By Alexander Forbes Investments on Dec 08, 2017 in Industry Updates Market and Economic Commentary Performance The news

JOHANNESBURG – A collapse in the Steinhoff share price continued on Thursday, with the local bourse ending the day little changed after gains by Naspers and miners. Steinhoff plunged 43.21% to R10, with companies within Christo Wiese’s stable also under pressure. The global clothing and furniture retailer is facing allegations over accounting regularities, and its shares have dropped 82.08% this week.

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Daily Solutions – 04 December 2017

By Alexander Forbes Investments on Dec 04, 2017 in Industry Updates Market and Economic Commentary Performance The news

JOHANNESBURG – The JSE all share closed weaker on Friday as Naspers was sold off, while banks gained on a slightly firmer rand in late trade. Gold and property stocks ended the day lower, but retailers surged from oversold levels. The all share ended the week in the red for the first time in nine sessions, mainly due to the unexpected surge in the rand following last week’s S&P Global Ratings downgrade, which hit heavyweight rand hedges negatively.

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Daily Solutions – 01 December 2017

By Alexander Forbes Investments on Dec 01, 2017 in Industry Updates Market and Economic Commentary Performance The news

JOHANNESBURG – The JSE closed weaker on Thursday as industrials and miners retreated on a stronger rand, and as Naspers lost ground following reports of impropriety at MultiChoice. At the JSE’s close the rand was at R13.5898 to the dollar, from Wednesday’s R13.6598. The all share closed below 60,000 points for the first time in two weeks, as the market took a risk-off view ahead of the ANC’s elective conference in three weeks’ time, while Finance Minister Malusi Gigaba said the government was working on the provision of free higher education “in a sustainable way”.

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Daily Solutions – 30 November 2017

By Alexander Forbes Investments on Nov 30, 2017 in Industry Updates Market and Economic Commentary Performance The news

JOHANNESBURG – The JSE closed firmer on Wednesday in its best performance so far this week, as the weaker rand in the afternoon supported industrials, while Naspers gained following the release of its interim results. The property index led for most of the day, but was pipped at the post by a rebound in platinum stocks.

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