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Posts Tagged ‘European stocks’

 

Daily Solutions – 23 January 2018

By Alexander Forbes Investments on Jan 23, 2018 in Industry Updates Market and Economic Commentary Performance The news

JOHANNESBURG – Gains by banks offset losses by rand hedges and miners on Monday, with local and international politics firmly in the spotlight. Reports that President Jacob Zuma was on his way out strengthened the rand at the weekend, bringing it within 1c of R12/$ on Monday morning. The local currency gave up some of its gains after the ANC denied any formal decision to remove Zuma.

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Daily Solutions – 14 December 2017

By Alexander Forbes Investments on Dec 14, 2017 in Industry Updates Market and Economic Commentary Research The news

JOHANNESBURG – The JSE closed weaker on Wednesday, as Steinhoff failed to hold on to earlier gains, and Naspers dipped after an investor road show in New York. A recovery in the rand boosted banks and financials toward the close. Analysts have warned of the dangers of trading in Steinhoff shares at this stage, as very little information is available about the extent of the accounting irregularities in the group.

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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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