+GFI / -HAR pairNew pairs trade from @Lester_Davids.
We are buying JSE:GFI and shorting JSE:HAR ratio 1.6066.
GFI is ex Div in two days (R0.60) so keep this in mind.
Lester_davids
South African Retailer PairRetailer pairs idea from @Lesater_Davids
+SHP / -WHL at 2.0330 with a target of 2.235 and SL of 1.932
J200 Market Commentary: Global Equities Down But Off The Lows
Tuesday saw another down day across global markets as the sellers remained in control for much of the session on the JSE, across Asia as well in Europe as contagion and investor nervousness kept fingers on the selling button.
On the Top 40 index, only 3 out of 40 shares closed in the green, this being British American Tobacco, Anglogold Ashanti and Anglo American Platinum while the downside was lead by Aspen Pharmacare, Kumba Iron Ore (which provided a muted production and sales report),
J200 Market Commentary: Global Rally Fades As Sentiment Sours
The biggest one-day rally in three years in Chinese equities on Monday failed to inspire other major global markets to shoot the lights out. This comes as a traders and investors in Europe and the United States face homegrown hurdles that could potentially put the brakes on short term gains. In the US, mid-term elections are sure to bring a fresh bout of volatility while in Europe, concerns over Italy is putting pressure on the region's currency, the Euro, which slipped back below the 1.15 l
J200 Market Commentary: Global Equities Mixed On China Data and
Global equities ended in mixed territory on Friday as traders and investors digested fresh data out of China, the prospect of further rate hikes in the United States while assessing the potential for geopolitical tensions between the US and Saudi Arabia.
Volatility was subdued during the North American trading session as the Dow Jones Industrial Average closed higher by 0.26%, driven by a jump in Proctor and Gamble (+8.80%) which reported a stronger-than-expected increase in sales, buoyed
