Daily Solutions – 15 December 2017

By Alexander Forbes Investments on Dec 15, 2017 in Industry Updates Market and Economic Commentary Performance The news

JOHANNESBURG – The JSE all share closed firmer on Thursday, as the stronger local currency bolstered banks and retailers, while platinum stocks rose on Sibanye-Stillwater’s takeover deal for Lonmin. General retailers and banking stocks rocketed after the rand reached its best level to the dollar in two months.

Continue Reading

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.

Continue Reading

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.

Continue Reading

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.

Continue Reading

Search Our Blog

Follow Us