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Archive for the ‘Industry Updates’ Category

 

Daily Solutions – 20 October 2017

By Alexander Forbes Investments on Oct 20, 2017 in Industry Updates Market and Economic Commentary Performance The news

JOHANNESBURG – The JSE all share closed weaker on Thursday, with retailers dragging the market down and as global markets took a breather from strong gains over the past few weeks. Platinums made a late comeback on a firmer platinum price, which gained 0.61% to $926.39 an ounce at the close.

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Daily Solutions – 18 October 2017

By Alexander Forbes Investments on Oct 18, 2017 in Industry Updates Market and Economic Commentary Performance The news

JOHANNESBURG – The JSE closed weaker on Tuesday, suffering broad-based losses on foreign selling, as President Jacob Zuma’s Cabinet reshuffle failed to inspire confidence in the market ahead of next week’s medium-term budget policy statement. Retailers led the losses, followed by gold shares and banks. Volumes amounted to R15bn by the close — lower than the daily average of R20bn. The rand weakened in response to Zuma’s decision, which included the removal of higher education minister Blade Nzimande and the appointment of state security minister David Mahlobo as energy minister.

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Daily Solutions – 17 October 2017

By Alexander Forbes Investments on Oct 17, 2017 in Industry Updates Market and Economic Commentary Performance The news

JOHANNESBURG – The JSE all share closed above 58,000 points for the first time on Monday as miners shrugged off the effects of a stronger rand, which remained close to its best level in about three weeks. In another strong performance, Naspers closed 1.66% higher at a record R3,253 a share, as Chinese internet company Tencent, in which it owns about a third, closed firmer in Hong Kong trade.

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Daily Solutions – 16 October 2017

By Alexander Forbes Investments on Oct 16, 2017 in Industry Updates Market and Economic Commentary Performance The news

JOHANNESBURG – The JSE firmed on Friday, despite low trading volumes, as the rand gained on the dollar following a few global data releases. Positive Chinese data helped lift Asian equity markets, and supported local miners, while rand hedges fared the worst on the local bourse.

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