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Daily Solutions – 20 February 2018

By Alexander Forbes Investments on Feb 20, 2018 in Industry Updates Market and Economic Commentary Performance The news

The JSE closed lower on Monday in subdued trade, with industrial stocks and retailers paring gains made last week. Market sentiment was subdued following the surge by the local bourse last week, which yielded the JSE’s best one-week performance in more than two years.

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Daily Solutions – 19 February 2018

By Alexander Forbes Investments on Feb 19, 2018 in Industry Updates Market and Economic Commentary Performance The news

The JSE closed weaker on Friday, with losses led by property stocks and general retailers, as the market euphoria from Thursday dimmed slightly ahead of President Cyril Ramaphosa’s state of the nation address (sona) in the evening. The all share experienced its biggest intra-day rally in more than three years on Thursday, following Ramaphosa’s election as head of state.

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Daily Solutions – 16 February 2018

By Alexander Forbes Investments on Feb 16, 2018 in Industry Updates Market and Economic Commentary Performance The news

The JSE surged as much 4% on Thursday, in its biggest intra-day rally in more than three years after Jacob Zuma bowed to pressure to step down as head of state. Four of SA’s banks — FirstRand, Standard Bank, Barclays Africa and Nedbank — added a combined R62bn in market value, with all of them reaching record highs.

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Daily Solutions – 15 February 2018

By Alexander Forbes Investments on Feb 15, 2018 in Industry Updates Market and Economic Commentary Performance The news

The JSE closed higher on Wednesday amid mixed global markets as higher-than-expected US consumer inflation caused only a moderate risk-off reaction. The Dow was 0.4% lower at the JSE’s close, but European markets had firmed on a weaker euro. In choppy trade, local market sentiment turned positive towards the close after an initial sell-off following the release of the US inflation data.

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