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Daily Solutions – 18 August 2017

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

JOHANNESBURG – The JSE all share index, which fell 0.2% on Thursday, looks set to slide further on Friday, judging by the gloomy mood of world markets. Markets trading ahead of the JSE’s opening on Friday morning took their cue from Wall Street, where the Nasdaq index fell 2% and the S&P 500 index 1.5% on Thursday.

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Daily Solutions – 17 August 2017

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

JOHANNESBURG: The JSE was sharply higher at midday on Wednesday as Naspers rose 3.53% on mixed results from its Chinese Tencent investment. Tencent, of which Naspers owns about a third, reported that revenue rose 57% for the six months to June, which beat expectations.

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Market Solutions – July 2017

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

Global: The margin of excess returns from equities has clearly diminished, and risk levels have risen due to expensive valuations. In addition, global economic growth, while better than it was in 2016, is still on a shaky footing eight years after the global financial crisis.
Local: Looking ahead, the two factors that could feasibly spur equities higher over the coming months/quarters are the rand and domestic interest rates. The rand has been on a strengthening trajectory for the past 18 months, which hinders rand hedge companies on the local equity market. However, a reversal of the rand trajectory is clearly an important factor to keep in mind.

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Daily Solutions – 16 August 2107

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

JOHANNESBURG – The JSE dipped on Tuesday, dragged down by mining shares, which felt the pressure of lower commodity prices. The all share was off 0.51% to 55,180.20 points at lunchtime, lagging its some its peers in both Europe and Asia. Gold stocks led losses in the resources market as the price of gold dropped for a second consecutive day amid an easing of tension in the North Korea-US standoff. A stronger dollar put pressure on commodity prices, resulting in the gold and platinum indices dropping 1.73% and 2.34%, respectively.

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