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South Africa JSE Top 40 Stock Index

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Unum Market Commentary: JSE and USA Closes Weaker While Asia Buc South African equity markets continued to trade with a downside bias, this time being held back by financial sector as stocks such as Firstrand, Standard Bank and Absa fell sharply. For the session, the All Share declined by 0.40% while the Top 40 index shed 0.45%. On the upside, winners included British American Tobacco benefited as the US Food and Drug Administration announced that that they have given JUUL and four other makers of flavored e-cigarette 60 days to submit plans to curb the use of their products by youths or risk having them pulled from the market. This came as a positive for the BTI share price which closed the session 5.26% higher. In Europe, markets closed in the green with the DAX, FTSE100 and CAC40 adding 0.52%, 0.55% and 0.92% respectively. Overnight, US markets closed weaker, while this morning Asian equities are bouncing back strongly on the back of a slightly weaker US Dollar. With Tencent having been oversold and showing signs of recovery in the US last night, the stock is up nearly 3% in Hong Kong today, which increases the likelihood of a firmer open on the JSE today. The ALSI, having traded at the bottom of the range, could find support and rebound at this range low. JSE Major Sectors Resources 10 +0.77% Industrial 25 -0.60% Financial 15 -1.36% ________________________________________ It's a data-heavy Thursday on the international economic calendar, with Australia having reported strong job growth, while later we also have releases out of the UK, Eurozone and USA. You may view the Unum Capital Economic Calendar by clicking on this link: www.unum.co.za ________________________________________ In currencies, the South African Rand trades as follows: USDZAR -0.03% to 14.95 GBPZAR -0.08% to 19.50 EURZAR -0.01% to 17.38 Gold trades at $1210 Platinum at $803 Brent Crude Oil at $79.30 International Markets This morning, Asian equities are as follows: Nikkei 225 (+0.90%) Hang Seng (+1.17%) Shanghai Composite (-0.03%) Latam Markets closed as follows: Merval 25 (+1.99%) Bovespa (+0.63%) INMEX (+0.88%) ________________________________________ Company News QUANTUM FOODS HOLDINGS LIMITED - Trading Statement In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement once it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from the financial results for the previous corresponding period. Shareholders are hereby advised that for the twelve-month period ending 30 September 2018, a reasonable degree of certainty exists that: • headline earnings per share (HEPS) of the Company will be at least 219% or 107.5 cents per share higher than reported in the comparable period; and • earnings per share (EPS) of the Company will be at least 181% or 100.6 cents per share higher than reported in the comparable period. This implies that for the twelve months ending 30 September 2018: • HEPS is expected to be at least 156.5 cents per share, compared to HEPS of 49.0 cents per share reported in the comparable period ending 30 September 2017; and • EPS is expected to be at least 156.3 cents per share, compared to EPS of 55.7 cents per share reported in the comparable period ending 30 September 2017. HEPS for the first six months of 2018 was 82.5 cents per share and EPS for the first six months of 2018 was 82.4 cents per share. Earnings expected for the second six months of the 2018 financial year compared to the first six months of the 2018 financial year was impacted by: • Continued high levels of profitability in the egg business, although margins declined with an increase in feed costs and a decline in egg prices; • Proceeds of R22 million, received from insurers compensating partly for the Avian Influenza losses that occurred in 2017 and in the first half of 2018; • Slightly weaker margins in the feeds and broiler farming businesses; and • Improved contribution from the other African operations benefiting from the favourable trading conditions. A further trading statement will be issued as soon as there is a reasonable degree of certainty as to the likely range within which the Company’s HEPS and EPS is expected to increase. Shareholders are advised that no further incidents of Avian Influenza have been experienced. Shareholders are reminded that an outbreak of Avian Influenza before the end of the reporting period could have a significant impact on the expected HEPS and EPS reflected in this trading statement. The results for the twelve months ending 30 September 2018 is expected to be published on SENS on or about 29 November 2018. The financial information on which this trading statement is based, has not been reviewed or reported on by the Company’s external auditors. ________________________________________ Aus miners: BHP Billiton (+1.03%) Rio Tinto (+1.96%) S32 (+1.51%) FANGs Facebook (-2.37%) Amazon (+0.14%) Netflix (+3.94%) Google (-1.55%) FTSE Miners: Anglo American plc (+1.29%) BHP Billiton plc (+1.44%) Glencore plc (+2.86%) Alibaba Holdings (+2.54%) Tencent Holdings (+2.72%) Share Link: bit.ly/JoinUnum ________________________________________ The Unum Capital Trading Desk For anty trading related queries, please contact the Unum Trading desk : 011 384 2929
JSE:J200
by MariusGrobler301
Unum Market Commentary: Global Stocks Mixed On Friday, South African equity markets were stable, holding near the lows of the week and continuing to trade within a tight, two-day range. For the session, the All Share closed 0.05% higher at 57130, while the Top 40 index was in the green by 0.12%. Supporting the positive close was Naspers (+2.61%), Discovery Holdings (+2.27), Firstrand (+2.23%) and Tiger Brands (1.94%) while shares that brought balance were the miners as Anglo American, BHP Billiton and Glencore closed lower by 4.18%, 3.38% and 3.36% respectively. Over in Europe, stocks were mixed, with the DAX and CAC40 gaining by 0.04% and 0.16% respectively while the FTSE 100 was lower by 0.56%. In the United States, stocks finished lower with the Dow Jones Industrial Average leading the way down, losing 0.31%. This morning Asian stocks are being weighed down by fresh concerns of an additional $267bn of tariffs being imposed on China by the United States. JSE Major Sectors Resources 10 -2.64% Industrial 25 +0.92% Financial 15 +0.44% ________________________________________ For the week ahead, there is plenty of data on the local economic calendar with Manufacturing Production kicking off tomorrow at 1pm. For the rest of the week's local and international data, you may view the Unum Capital Economic Calendar here: www.unum.co.za ________________________________________ In currencies, the South African Rand trades as follows: USDZAR +0.28% to 15.27 GBPZAR +0.20% to 19.72 EURZAR +0.18% to 17.63 Gold trades at $1298 Platinum at $779 Brent Crude Oil at $77.27 International Markets This morning, Asian equities are as follows: Nikkei 225 (+0.15%) Hang Seng (-0.85%) Shanghai Composite (-0.63%) Latam Markets closed as follows: Merval 25 (-0.46%) Bovespa (+1.76%) INMEX (+0.56%) ________________________________________ Company News Tiger Brands - Changes to the Board of Directors of Tiger Brands In compliance with section 3.59 of the JSE Limited Listings Requirements, shareholders are advised that Mr Rob Nisbet has stepped down as independent non-executive director of the Company with effect from today, 7 September 2018. He accordingly also steps down as a member and chairman of the Audit Committee, as well as a member of the Investment and Risk & Sustainability Committees of the Company. Rob has served on the Board of Tiger Brands since 1 August 2010. The Board would like to thank Rob for his significant contribution to the Company and wishes him well in his future endeavours African Rainbow Minerals - Provisional results for the year ended 30 June 2018 Salient features - Headline earnings increased by 51% to R4 814 million (F2017: R3 196 million), which includes a net fair value gain of R977 million. The net fair value gain is due to a change in the net present value of loan repayment cash flows as a result of restructuring the ARM coal debt. Excluding the net fair value gain, headline earnings are up 20% compared to F2017. - Headline earnings per share were 2 526 cents compared to 1 684 cents in F2017. - Final dividend of 750 cents declared. A maiden interim dividend of 250 cents per share was paid for the first half of the financial year (1H F2018). The cumulative dividend for F2018 is 1 000 cents per share (F2017: 650 cents per share). - Basic earnings were R4 562 million (F2017: R1 372 million) and include the net value gain of R977 million as a result of the restructuring of the ARM Coal debt. F2017 included attributable impairments of the Nkomati Mine and Modikwa Mine assets of R711 million and R734 million after tax and non-controlling interest, respectively. - US Dollar prices realised for most commodities were higher except for iron ore, platinum and chrome concentrate prices. - ARM and Glencore successfully concluded the restructuring of the ARM Coal debt which improves ARM and ARM Coal's obligations in terms of this debt. - The disposal of ARM and Vale's 80% interest in Lubambe Mine was completed on 22 December 2017. - Dividends received from the Assmang joint venture were R3 000 million (F2017: R2 488 million). - The consolidated financial position improved by R2 266 million to net cash of R995 million (net debt of R1 271 million as at 30 June 2017). ________________________________________ Aus miners: BHP Billiton (-0.16%) Rio Tinto (-0.80%) S32 (+2.01%) FANGs Facebook (+0.31%) Amazon (-0.32%) Netflix (+0.64%) Google (-0.54%) FTSE Miners: Anglo American plc (-1.77%) BHP Billiton plc (-1.67%) Glencore plc (+2.68%) Alibaba Holdings (+1.56%) Tencent Holdings (-0.13%) Share Link: bit.ly/JoinUnum ________________________________________ The Unum Capital Trading Desk Please feel free to contact the Unum Trading desk for any trading related queries : 011 384 29 29
JSE:J200
by MariusGrobler301
Unum Market Commentary: Results and Rand Lift JSE Financials; Gl On Thursday a stronger South African Rand helped to lift local shares, keeping the All Share Index in the green by 0.05%. On the day, the local currency traded in a 30c range versus the US Dollar, reaching a low of R15.53 and a high of R15.23. Providing support was banking group Firstrand that released it's results for the year ended 30 June 2018, showing a 12% increase in Diluted Head Earnings Per Share while return on equity came in slightly lower but still at a healthy 23%. Also among the winners were Discovery while other banks such as Nedbank, Standard Bank and Absa added 3.25%, 2.49% and 2.41% respectively. On the downside Kumba Iron Ore, Sappi and Nepi Rockcastle were weaker by 4.85%, 3.22% and 2.76% respectively. In Europe, market continued to slide, with the DAX, FTSE 100 and CAC40 lower by 0.71%, 0.87% and 0.31% respectively. This morning in Asia, concerns around a trade war continue to weigh on markets, with Japan's Nikkei 225 index leading the market lower by a negative 0.92%. JSE Major Sectors Resources 10 -1.05% Industrial 25 +0.04% Financial 15 +1.69% ________________________________________ Join the Unum Trading Desk today, Friday 7 Sep 2018 starting at 14:15 as we look to trade the EURUSD Forex pair on the NFP data. t.me ________________________________________ In currencies, the South African Rand trades as follows: USDZAR +0.07% to 15.33 GBPZAR +0.07% to 19.83 EURZAR +0.12% to 17.83 Gold trades at $1206 Platinum at $789 Brent Crude Oil at $76.40 International Markets This morning, Asian equities are as follows: Nikkei 225 (-0.92%) Hang Seng (-1.19%) Shanghai Composite (-0.12%) Latam Markets closed as follows: Merval 25 (+4.10%) Bovespa (+1.76%) INMEX (-0.23%) ________________________________________ Company News Sanlam Limited - Interim Results for the six months ended 30 June 2018 Key features of the 2018 interim results Earnings - Net result from financial services increased by 8% (up 10% in constant currency) New Business - Net value of new covered business up 1% to R791 million (up 4% on consistent economic basis) - Net new covered business margin of 2,46% (2,61% in 2017) - New business volumes declined by 1% to R110 billion (in line with 2017 in constant currency) - Net fund inflows of R17,2 billion compared to R18,9 billion in 2017 Group Equity Value - Group Equity Value per share of R60,90 - Annualised Return on Group Equity Value per share of 13,7% - Adjusted annualised Return on Group Equity Value per share of 18,2%; exceeding target of 13% Capital management - Executing on our African strategy - Acquisition of remaining 53% stake in Saham Finances awaiting certain regulatory approvals, anticipated before end of 2018 - R5,5 billion raised at favourable share price to de-risk transaction - Discretionary capital of R9,9 billion at 30 June 2018 committed to acquisition - Planned 5% BBBEE share issuance will provide remainder of funding requirement and restore discretionary capital to appropriate level - Sanlam Group solvency cover ratio of 2,3 times; Sanlam Life Insurance Limited solvency cover ratio for covered business of 2,3 times Dividend - No interim dividend declared in line with Group policy ________________________________________ Aus miners: BHP Billiton (-1.15%) Rio Tinto (+1.40%) S32 (-0.86%) FANGs Facebook (-2.78%) Amazon (-1.83%) Netflix (+1.55%) Google (-1.26%) FTSE Miners: Anglo American plc (-1.83%) BHP Billiton plc (-4.55%) Glencore plc (+2.56%) Alibaba Holdings (-2.65%) Tencent Holdings (-0.83%) Share Link: bit.ly/JoinUnum ________________________________________ The Unum Capital Trading Desk Please feel free to contact the trading desk at any time : 011 384 29 29
JSE:J200
by MariusGrobler301
Unum Market Commentary: Recession Realities Hit JSE; Rand SlidesOn Tuesday, the reality of South Africa's economic challenges manifested itself in the data set released by Statistics South Africa which showed that the economy contracted by 0.7% for the second quarter of 2018, following on from a 2.6% contraction in the first. Immediately following the release, weakness was seen in the Rand which saw a sharp sell-off from 15.02 to 15.21 versus the US Dollar. This weakness continued throughout the day with the local unit reaching a low of R15.38 versus the greenback by 8pm Tuesday evening. As a result of the poor GDP print and subsequent currency slump, shares with widespread South African exposure saw sharp declines. These shares included Bidvest (-6.60%), Firstrand (-5.00%) and Vodacom (4.54%) while MTN (-17.05%) saw sharp losses on the back of fresh claims out of Nigeria. Benefiting from the weaker currency was Kumba Iron Ore (4.69%), Mediclinic International (2.45%) and British American Tobacco (+2.37%). On European markets, declines were seen across the board with the Euro Stoxx 50 index shedding 1.06% on the day, dragged down by luxury goods retailer LVMH (-3.51%) and semiconductor producer ASML (-3.20%). This morning, the Dollar starts on the back foot while Asian equities are down over 1% on average. JSE Major Sectors Resources 10 +0.55% Industrial 25 -1.75% Financial 15 -3.10% ________________________________________ Join the Unum Trading Desk on Friday 7 Sep 2018 starting at 14:15 as we look to trade the EURUSD Forex pair on the NFP data. t.me ________________________________________ In currencies, the South African Rand trades as follows: USDZAR -0.25% to 15.30 GBPZAR -0.23% to 19.67 EURZAR -0.17% to 17.74 Gold trades at $1198 Platinum at $778 Brent Crude Oil at $77.83 International Markets This morning, Asian equities are as follows: Nikkei 225 (-0.30%) Hang Seng (-1.67%) Shanghai Composite (-0.92%) Latam Markets closed as follows: Merval 25 (-4.10%) Bovespa (-1.94%) INMEX (-1.18%) ________________________________________ Company News Steinhoff International Holdings N.V - Sale Of Interests In The Poco Furniture Group On 26 April 2018 the Group announced that it had agreed in principle a settlement of the German litigation proceedings between the Group and entities controlled by Dr Andreas Seifert (the “Seifert Entities”). It was noted in the 26 April 2018 announcement that the Seifert Entities had offered to acquire the Group’s remaining 50% interest in the POCO furniture group (“POCO”). The Group’s subsidiary LiVest GmbH (“LiVest”) holds the Group’s shares in POCO and has today entered into a sale agreement with the Seifert Entities by which the Seifert Entities will acquire LiVest’s shares in POCO and certain related properties for a total consideration of €270.685 million (the “POCO Sale”). In addition, the POCO business will retain debt of approximately €140 million, with no recourse to the Group. The closing of the POCO Sale is subject to typical conditions precedent including German and Austrian competition and merger control provisions. Closing of the POCO Sale shall bring the German litigation proceedings with the Seifert Entities to an end. As noted in the Company’s Q3 2018 trading update, following the declaration of a dispute by the Pohlmann family regarding the 2015 sale of their interest in LiVest to Steinhoff, any proceeds from the sale by LiVest of its 50% share in POCO will be held in escrow while the Pohlmann dispute is finalised. Shareholders and other investors in the Company are advised to exercise caution when dealing in the securities of the Group. ________________________________________ Aus miners: BHP Billiton (-2.42%) Rio Tinto (-2.48%) S32 (-2.31%) FANGs Facebook (-2.60%) Amazon (+1.33%) Netflix (-1.11%) Google (-1.66%) FTSE Miners: Anglo American plc (-1.48%) BHP Billiton plc (-1.92%) Glencore plc (-1.81%) Alibaba Holdings (-2.61%) Tencent Holdings (-2.48%) Share Link: bit.ly/JoinUnum ________________________________________ Please feel free to contact the Unum Trading desk for any queries : 011 384 29 29
JSE:J200
by MariusGrobler301
Unum Market Commentary: Global Equities Mixed As Traders Assess On Friday, the South African equity market continued to soften following the sharp sell-off seen on Thursday. For the session, the All Share Index closed lower by 0.23% while the Top 40 index shed 0.35%. These declines were led by South 32 (-4.17%), AB Inbev (-2.60%) and Naspers (2.51%). On the upside, Bidvest, Bidcorp and Woolworths saw strong buying activity which saw these shares gain 4.16%, 3.69% and 3.28% respectively. On the currency front, the Rand traded near it's year-to-date lows, closing the trading week at R14.68 versus the US Dollar. In commodities, Brent Crude Oil continued it's move higher, closing near it's one-month high of $78.03, while Copper continued to trade near it's year-to-date lows, finishing the trading week at $2.64. This morning, Asian markets are on the back foot with the Nikkei 225, Hang Seng and Shanghai Composite lower by 0.57%, 0.93% and 0.94% respectively. JSE Major Sectors Resources 10 -0.25% Industrial 25 -0.77% Financial 15 +0.76% ________________________________________ Join the Unum Trading Desk on Friday 7 Sep 2018 starting at 14:15 as we look to trade the EURUSD Forex pair on the NFP data. t.me ________________________________________ In currencies, the South African Rand trades as follows: USDZAR +0.49% to 14.75 GBPZAR +0.26% to 19.07 EURZAR +0.49% to 17.12 Gold trades at $1204 Platinum at $786 Brent Crude Oil at $77.40 International Markets This morning, Asian equities are as follows: Nikkei 225 (-0.57%) Hang Seng (-0.93%) Shanghai Composite (-0.94%) Latam Markets closed as follows: Merval 25 (+9.49%) Bovespa (+0.36%) INMEX (-0.16%) ________________________________________ Company News Old Mutual Limited - Unaudited Condensed Group Interim Results for the six months ended 30 June 2018 - Results from operations (RFO) of R4,848 million, up 7% (HY 2017: R4,530 million - Adjusted headline earnings (AHE) of R5,393 million, marginally up on prior year (HY 2017: R5,359 million - AHE per share of 112.3 cents per share, in line with prior year - IFRS profit after tax attributable to equity holders of the parent of R10,648 million up 42% (HY 2017: R7,503 million) mainly due to the accounting effects of the sale and distribution of Quilter shares - Declaring first interim dividend of 45 cents per share, representing 40% of AHE, in line with our dividend policy - Declaring special dividend of 100 cents per share - Funds under management (FUM) up 2% to R1.097 billion - Net client cash flow (NCCF) of R9.4 billion, an increase of R7.8 billion (HY 2017: R1.6 billion) - RoNAV of 17.5%, down from 19.4% reflecting lower investment returns. - Group solvency ratio of 164%, reflecting capital resilience of the Group ________________________________________ Aus miners: BHP Billiton (-0.51%) Rio Tinto (-1.20%) S32 (-0.57%) FANGs Facebook (-1.08%) Amazon (+0.52%) Netflix (-0.89%) Google (-1.80%) FTSE Miners: Anglo American plc (-2.15%) BHP Billiton plc (-1.34%) Glencore plc (-2.90%) Alibaba Holdings (+0.23%) Tencent Holdings (-3.06%) Share Link: bit.ly/JoinUnum ________________________________________ The Unum Capital Trading Desk
JSE:J200
by MariusGrobler301
Unum Market Commentary: JSE Contagion Casualties; Equities Slip It was "Throwback Thursday" on the JSE as the index gave back all of the week's gains due to the extended emerging market contagion. This time we (again) cried for Argentina as the central bank raised interest rates to 60% which saw it's currency plunge to an all-time low of 41.35 to the US Dollar. This impact was seen in the local unit as the Rand closed weaker by 2.5% versus the US Dollar, 2.4% versus the British Pound and 2.2% versus the Euro. Reports also surfaced that Us President Donald Trump is looking at impose a further $200bn of tariffs on China. This saw US Indices close lower on the day, with the Dow Jones Industrial Average, S&P500 and Nasdaq in the red by 0.53%, 0.44% and 0.26% respectively. On the local market, stocks were under pressure with the biggest news story of the day being MTN coming to heads with the Nigerian Central Bank with the authority suggesting that the telecommunications giant repay $8.1bn that had been "illegally" moved abroad. This saw even further contagion amongst JSE listed shares, with Shoprite and Coronation Fund Managers declining, potentially on the back of the news. On the day, the JSE All Share Index closed lower by 2.27%, while the Top 40 Index closed in the red by 2.56%. This morning, Asian markets are mostly lower with Tencent down 4.5% as the Chinese Government plans to limit the number of new online games in its push against gaming addiction. JSE Major Sectors Resources 10 +0.20% Industrial 25 -4.07% Financial 15 -1.43% ________________________________________ Join the Unum Trading Desk on Friday 7 Sep 2018 starting at 14:15 as we look to trade the EURUSD Forex pair on the NFP data. t.me ________________________________________ In currencies, the South African Rand trades as follows: USDZAR +0.01% to 14.72 GBPZAR +0.02% to 19.16 EURZAR -0.00% to 16.18 Gold trades at $1210 Platinum at $794 Brent Crude Oil at $78.03 International Markets This morning, Asian equities are as follows: Nikkei 225 (-0.09%) Hang Seng (-0.92%) Shanghai Composite (-0.08%) Latam Markets closed as follows: Merval 25 (+5.34%) Bovespa (-2.53%) INMEX (-1.08%) ________________________________________ Company News MTN GROUP LIMITED - Central Bank of Nigeria (CBN) correspondence re Certificates of Capital Importation(CCIs) in Nigeria and cautionary Central Bank of Nigeria (CBN) correspondence regarding Certificates of Capital Importation (CCI’s) in Nigeria and cautionary announcement MTN Nigeria Communications Limited (MTN Nigeria) received a letter on 29 August 2018 from CBN alleging that CCI’s issued in respect of the conversion of shareholders loans in MTN Nigeria to preference shares in 2007 had been improperly issued. As a consequence they claim that historic dividends repatriated by MTN Nigeria between 2007 and 2015 amounting to $8,1 billion need to be refunded to the CBN. MTN Nigeria strongly refutes these allegations and claims. No dividends have been declared or paid by MTN Nigeria other than pursuant to CCI’s issued by our bankers and with the approval of the CBN as required by law. The issues surrounding the CCI’shave already been the subject of a thorough enquiry by the Senate of Nigeria. In September 2016 the Senate mandated the Committee on Banking, Insurance and other Financial Institutions to carry out a holistic investigation on compliance with the Foreign exchange (monitoring and miscellaneous) Act by MTN Nigeria & Others. In its report issued in November 2017, the findings evidenced that MTN Nigeria did not collude to contravene the foreign exchange laws and there were no negative recommendations made against MTN Nigeria. MTN Nigeria, as a law-abiding citizen of Nigeria, is committed to good governance and to abiding by the extant laws of the Federal Republic of Nigeria. The re-emergence of these issues is regrettable as it damages investor confidence and, by extension, inhibits the growth and development of the Nigerian economy. We will engage with the relevant authorities and vigorously defend our position on this matter and provide further information when available. Shareholders are accordingly advised to exercise caution when dealing in the Company’s securities until a further announcement is made. ________________________________________ Aus miners: BHP Billiton (-1.15%) Rio Tinto (-0.67%) S32 (-1.82%) FANGs Facebook (+0.99%) Amazon (+0.21%) Netflix (+0.80%) Google (-1.81%) FTSE Miners: Anglo American plc (-1.33%) BHP Billiton plc (-1.77%) Glencore plc (-0.60%) Alibaba Holdings (-2.18%) Tencent Holdings (-4.53%) Share Link: bit.ly/JoinUnum ________________________________________ The Unum Capital Trading Desk
JSE:J200
by MariusGrobler301
Unum Market Commentary: JSE Struggles For Direction As Rand Weig On Wednesday, a weaker South African Rand weighed on local shares, holding the index back from a further advance. On the day, the All Share closed higher by 0.21% but really struggled to find a real direction as financial shares closed lower by 1.14% while other domestic names such as Shoprite, Bidvest and Vodacom declined by 4.23%, 2.14% and 2.03% respectively. On the upside, BHP Billiton closed at the highest level since August 2014, while Nepi Rockcastle, British American Tobacco and Glencore helped the index to remain in positive territory. In Europe, indices were mostly higher while the UK's FTSE100 saw a decline of 0.71%. In the United States, indices closed in positive territory as the S&P 500 held onto the 2900 level while the Nasdaq closed at another all-time high. JSE Major Sectors Resources 10 +1.59% Industrial 25 +0.17% Financial 15 -1.14% ________________________________________ Join the Unum Trading Desk on Friday 7 Sep 2018 starting at 14:15 as we look to trade the EURUSD Forex pair on the NFP data. t.me ________________________________________ In currencies, the South African Rand trades as follows: USDZAR +0.36% to 14.41 GBPZAR +0.35% to 18.77 EURZAR -0.32% to 16.86 Gold trades at $1210 Platinum at $794 Brent Crude Oil at $77.62 International Markets This morning, Asian equities are as follows: Nikkei 225 (+0.16%) Hang Seng (-0.73%) Shanghai Composite (-0.81%) Latam Markets closed as follows: Merval 25 (+1.46%) Bovespa (+1.18%) INMEX (+0.39%) ________________________________________ Company News Murray and Roberts Holdings - Audited annual provisional results for the 12 months ended 30 June 2018 Salient features - R21,8 billion Revenue from continuing operations, increased by 2% (FY2017: R21,4 billion) - R267 million Attributable earnings increased by 456% (FY2017: R48 million) - 50 cents Gross annual dividend increased by 11% to 50 cents per ordinary share (FY2017: 45 cents) - 112 cents Diluted continuing HEPS, increased by 56% (FY2017: 72 cents) - R2 billion Cash, net of debt, increased by 11% (30 June 2017: R1,8 billion) - R30,1 billion Order book for continuing operations increased by 12%(30 June 2017: R26,9 billion) ________________________________________ Aus miners: BHP Billiton (-0.08%) Rio Tinto (-0.44%) S32 (+0.98%) FANGs Facebook (-0.20%) Amazon (+3.38%) Netflix (-0.12%) Google (-1.51%) FTSE Miners: Anglo American plc (-1.83%) BHP Billiton plc (-0.70%) Glencore plc (-0.78%) Alibaba Holdings (+0.17%) Tencent Holdings (-1.11%) Share Link: bit.ly/JoinUnum For any trading related queries or advice, please contact the Unum Trading desk: 011 384 2929 ________________________________________ The Unum Capital Trading Desk
JSE:J200
by MariusGrobler301
Unum Market Commentary: Global Equities Mixed As Dollar Firms Although gaining on Tuesday, global equities were up only marginally following strong buying activity on Monday. The S&P 500 Index, which tested 2900 for the first time ever, added 0.03% for the session, while Dow Jones Industrial Average traded above 26000. In the tech sector, the NASDAQ Composite held above the 8000 level, adding 0.15% on the day. In Europe, the DAX was lower by 0.09% while the UK's FTSE100 index and France's CAC40 added 0.52% and 0.11% respectively. On the local market, the All Share Index closed above the 60000 level, adding 0.64% for the session while the Top 40 index was higher by 0.61%, lead by South 32 (6.26%), Richemont (2.34%) and Bidvest (2.23%). On the downside British American Tobacco, Shoprite and Kumbda Iron Ore weighed on the bourse. JSE Major Sectors Resources 10 +0.35% Industrial 25 +0.60% Financial 15 +1.07% ________________________________________ Join the Unum Trading Desk on Friday 7 Sep 2018 starting at 14:15 as we look to trade the EURUSD Forex pair on the NFP data. t.me ________________________________________ In currencies, the South African Rand trades as follows: USDZAR -0.00% to 14.23 GBPZAR -0.10% to 18.29 EURZAR -0.07% to 16.62 Gold trades at $1209 Platinum at $793 Brent Crude Oil at $76.92 International Markets This morning, Asian equities are as follows: Nikkei 225 (+0.14%) Hang Seng (+0.18%) Shanghai Composite (-0.21%) Latam Markets closed as follows: Merval 25 (-1.58%) Bovespa (-0.59%) INMEX (-0.70%) ________________________________________ Company News Master Drilling Group Limited - Report to shareholders Unaudited interim report for the six months ended 30 June 2018 Salients Features - USD Revenue was up by 11.3% - USD Earnings per share decreased by 4.5% to 6.3 cents - ZAR Earnings per share decreased by 10,9% to 77,5 cents - USD Headline earnings per share decreased by 10.6% to 5.9 cents - ZAR Headline earnings per share decreased by 16,6% to 72,6 cents - Committed order book of USD114.4 million - Pipeline of USD358.2 million - Following dividend for 2017, dividend will be considered at year-end ________________________________________ Aus miners: BHP Billiton (+1.26%) Rio Tinto (+0.19%) S32 (+1.71%) FANGs Facebook (-0.68%) Amazon (+0.27%) Netflix (+1.07%) Google (-0.83%) FTSE Miners: Anglo American plc (+3.26%) BHP Billiton plc (+3.83%) Glencore plc (+2.07%) Alibaba Holdings (-1.36%) Tencent Holdings (-0.66%)
JSE:J200
by MariusGrobler301
Unum Market Commentary: Equities Hit Record High Global equity markets started the week on a strong note, continuing the upward momentum following comments last week by the Federal Reserve Chairman Jerome Powell that the committee sees "gradual" interest rate increases and no clear signs that inflation would accelerating above target. Adding to the "risk-on" sentiment was the revised trade agreement between the US and Mexico as well as news that the Chinese central bank would look to support the currency. On the day, the Dow Jones Industrial Average and S&P500 (all time high) closed higher by 1.01% and 0.77% respectively, while the technology-heavy Nasdaq Composite index also hit a record high, topping 8000 index points for the first time ever. On the JSE, the All Share Index saw it's best level since January of this year, boosted by a strong performance out of financial shares as the Fini15 added 2.17% on the day. JSE Major Sectors Resources 10 +2.04% Industrial 25 +1.06% Financial 15 +2.17% ________________________________________ Join the Unum Trading Desk on Friday 7 Sep 2018 starting at 14:15 as we look to trade the EURUSD Forex pair on the NFP data. t.me ________________________________________ In currencies, the South African Rand trades as follows: USDZAR +0.48% to 14.22 GBPZAR +0.33% to 18.31 EURZAR +0.42% to 16.60 Gold trades at $1207 Platinum at $816 Brent Crude Oil at $76.48 International Markets This morning, Asian equities are as follows: Nikkei 225 (+0.39%) Hang Seng (+0.26%) Shanghai Composite (0.00%) Latam Markets closed as follows: Merval 25 (+1.06%) Bovespa (+2.19%) INMEX (+1.73%) ________________________________________ Company News Homechoice International - Interim results for the six months ended 30 June 2018 and cash dividend declaration Financial Highlights - Revenue up 16.1% to R1.5 billion - Retail sales up 18.9% to R856 million - Loan disbursements up 30.0% to R853 million - Credit extended on digital channels up 54.7% to 39.1% of all credit - Cash generated from operations up 37.9% to R240 million - Headline earnings per share up 14.7% to 250 cents - - Customer base up 5.0% to 836 000 - Interim dividend up 15.9% to 95 cents ________________________________________ Aus miners: BHP Billiton (+0.97%) Rio Tinto (+0.75%) S32 (+2.37%) FANGs Facebook (+1.61%) Amazon (+1.17%) Netflix (+1.61%) Google (+1.58%) FTSE Miners: UK Market Closed on 27-Aug-2018 Alibaba Holdings (+3.68%) Tencent Holdings (+1.16%) Share Link: bit.ly/JoinUnum ________________________________________ Please feel free to contact the Unum Trading desk for any advice or trading related queries. 011 384 2929
JSE:J200
by MariusGrobler301
Johannesburg Stock Exchange (JSE): Resources are KINGI am very excited that the Johannesburg Stock Exchange (JSE) has been added to the TradingView data sources. This gives South African investors an opportunity to use the flexibility and ease of TV. As my first post I would like to highlight the performance of the Resources Sector. The South African economy was built on resources and has been under performing since 2008 (see chart below). But since 2016 this has changed and Resources are out performing the other sectors. The other sectors have also shown an upturn in August and with the Rand (ZAR) weakening on the back of emerging market jitters this could be a great Sector to find trades.
JSE:J200Long
by SteynTrade
Unum Market Commentary: Global Equities Firm As Dollar Weakens On Friday, the South African equity market continued to tick higher, buoyed by a general risk-on sentiment as well as a weaker US Dollar and lower US Bond Yields. On the day, the All Share Index added 1.02% while the Top 40 Index was higher by 1.17% lead by Pepkor, Glencore and Naspers while South 32, Standard Bank and South 32 weighed on the index. In Europe, equity markets were higher with the EuroStoxx50 index adding 0.29%, lead by CRH and Nokia that added 1.86% and 1.37% respectively. In the US, markets ended the week on a high note with the the Dow Jones, S&P500 and Nasdaq adding 0.52%, 0.62% and 0.86% respectively. This morning equity markets in Asia are on the front foot, with the Nikkei, Hang Seng and Shanghai Composite higher by 0.85%, 2.17% and 1.43% respectively (6:25am). JSE Major Sectors Resources 10 +0.98% Industrial 25 +1.41% Financial 15 +0.52% Join the Unum Trading Desk on Friday 7 Sep 2018 starting at 14:15 as we look to trade the EURUSD Forex pair on the NFP data. t.me In currencies, the South African Rand trades as follows: USDZAR +0.04% to 14.26 GBPZAR +0.09% to 18.33 EURZAR +0.10% to 16.58 Gold trades at $1212 Platinum at $791 Brent Crude Oil at $76.09 International Markets This morning, Asian equities are as follows: Nikkei 225 (+0.85%) Hang Seng (+2.17%) Shanghai Composite (+1.43%) Latam Markets closed as follows: Merval 25 (-5.11%) Bovespa (+0.83%) INMEX (-0.22%) Company News MMI Holdings - Trading statement for the year ended 30 June 2018 Shareholders are reminded that MMI executive management has introduced a number of recent changes to the organisation in order to focus on the practical implementation of our strategy. We have reset the business to provide a strong foundation for improved performance and future growth. We are confident that these changes will create value for shareholders in due course. Shareholders are advised that the diluted core headline earnings per share, the group's main earnings measure to monitor the operational performance of the group, is expected to decrease by between 5 and 15 percent relative to the previous year. The diluted core headline earnings expectation equates to a range from 170cps to 190cps for F2018, compared to 200cps in F2017. Diluted core headline earnings has been negatively affected during the period by various factors including increased investment in client engagement activities, higher expenditure in technology, and weaker persistency in Metropolitan Retail. Also, MMI’s share of losses increased, in line with business plans, on new initiatives such as the India joint venture. Momentum Corporate profits have improved with group underwriting results showing an improvement year-on- year, whilst good expense management also contributed to their improved result. Strong mortality and morbidity profits across the group boosted core earnings. Shareholders are further advised that the group's basic earnings per share is expected to decrease by between 5 and 15 percent (to between 84cps and 94cps) relative to 98cps earned in the comparative period. Headline earnings per share is expected to show a decrease of between 15 and 25 percent (to between 89cps and 101cps) relative to 118cps for the comparative period. Basic and headline earnings have both been negatively affected by significant basis changes in Momentum Retail and Metropolitan Retail and the weak investment markets of F2017 resulting in a lower starting asset base for the current year. Basic earnings decreased by less than headline earnings mainly due to a reduction in the impairment of intangibles compared to F2017. Note that MMI excludes fair value gains, impairment of intangibles, movement in value of MMI shares held in policyholder funds, investment variances and non-recurring items from core headline earnings whereas basic earnings include all these items. MMI will be releasing final results for the year ended 30 June 2018 on 5 September 2018. The forecast financial information contained in this trading statement to shareholders is based on information available at the time of publication and has not been reviewed and reported on by the Company’s auditors. Aus miners: BHP Billiton (+1.31%) Rio Tinto (+0.98%) S32 (+0.59%) FANGs Facebook (+1.01%) Amazon (+0.13%) Netflix (+5.79%) Google (+1.28%) FTSE Miners: Anglo American plc (+2.54%) BHP Billiton plc (+2.17%) Glencore plc (+3.30%) Alibaba Holdings (+1.16%) Tencent Holdings (+1.36%) Please feel free to contact the Unum Trading Desk for any assistance or trading related queries. Unum Trading Desk : 011 384 2929
JSE:J200
by MariusGrobler301
Unum Market Commentary: JSE Edges Higher; Rand WeakensOn Thursday a weaker South African Rand helped to boost the All Share Index by 0.14% to close the session at 52205. Despite the slight weakness in the local currency, SA-focused shares such as Shoprite, Discovery and Capitec also advanced by over 2.5% while weakness was seen in Anglo American, Mediclinic International and British American Tobacco as the shares declined by 3.20%, 2.27% and 1.69% respectively. In Europe, equity markets were slightly softer as the EuroStoxx50 index declined by 0.02%, weighed down by shares such as Bayer and Daimler. In the US, the Dow Jones, S&P500 and Nasdaq declined by 0.30%, 0.17% and 0.13% respectively. JSE Major Sectors Resources 10 -1.12% Industrial 25 +0.53% Financial 15 +0.44% Join the Unum Trading Desk on Friday 7 Sep 2018 starting at 14:15 as we look to trade the EURUSD Forex pair on the NFP data. t.me In currencies, the South African Rand trades as follows: USDZAR -0.17% to 14.37 GBPZAR -0.21% to 18.42 EURZAR -0.10% to 16.61 Gold trades at $1193 Platinum at $780 Brent Crude Oil at $75.15 International Markets This morning, Asian equities are as follows: Nikkei 225 (+0.65%) Hang Seng (-0.77%) Shanghai Composite (-0.35%) Latam Markets closed as follows: Merval 25 (-1.20%) Bovespa (-1.65%) INMEX (-0.23%) ________________________________________ Company News Discovery Holdings - Trading Statement In accordance with paragraph 3.4(b) of the JSE Listings Requirements, issuers must publish a trading statement as soon as they have a reasonable degree of certainty that earnings per share and / or headline earnings per share for the next reporting period will differ by at least 20% from that of the previous corresponding period. Shareholders are advised that: - Headline earnings per share (undiluted) for the year ended 30 June 2018 (“current period”) is expected to increase in the range of 30% to 35%, to between 888 cents and 922 cents over the prior year ended 30 June 2017 (“prior period”) (2017: 683.1 cents); and - Earnings per share (undiluted) is expected to increase in the range of 25% to 30%, to between 855 cents and 889 cents (2017: 684.2 cents) over the prior period. It is practice for the Company to issue a trading statement on “normalised” headline earnings per share, which in management’s view best represents the underlying performance of the Group. Accordingly, shareholders are advised that: - Normalised profit from operations is expected to increase by between 15% and 20% in the current period over the prior period to between R8.1 billion and R8.5 billion (2017: R7.0 billion); and - Normalised headline earnings per share (undiluted) is expected to increase in the range of 13% to 18%, to between 816 cents and 852 cents over the prior period (2017: 722.2 cents). Discovery’s results for the year are due to be released on SENS on 4 September 2018. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors. ________________________________________ Aus miners: BHP Billiton (+0.95%) Rio Tinto (-0.05%) S32 (-0.15%) FANGs Facebook (-0.43%) Amazon (-1.10%) Netflix (-1.53%) Google (-0.05%) FTSE Miners: Anglo American plc (-2.58%) BHP Billiton plc (+0.61%) Glencore plc (+0.81%) Alibaba Holdings (-3.16%) Tencent Holdings (-1.67%) Please feel free to contact the Unum trading desk with any trading related queries: 011 384 2929
JSE:J200
by MariusGrobler301
Unum Market Commentary: JSE Higher As Local Shares AdvanceLocal equity markets continued to trade strongly on Wednesday as a weaker US Dollar helped to bring relief to the battered emerging markets, which have been under significant pressure year-to-date. On the day, the iShares Emerging Markets ETF advanced by 0.79%, continuing to bounce off the YTD lows. On the JSE the All Share Index closed higher by 1.64% while the Top 40 added 1.83%. Leading the way higher was Aspen Pharmacare and Mediclinic that added 5.95% and 4.77% respectively while Quilter and Bidcorp lost 6.83% and 2.19% respectively. In Europe, the DAX was unchanged (+0.01%), while the FTSE 100 and CAC 40 added 0.11% and 0.22% respectively. JSE Major Sectors Resources 10 +1.53% Industrial 25 +2.16% Financial 15 +1.22% ________________________________________ In currencies, the South African Rand trades as follows: USDZAR +1.61% to 14.38 GBPZAR +1.35% to 18.52 EURZAR +1.24% to 16.62 Gold trades at $1198 Platinum at $788 Brent Crude Oil at $74.60 International Markets This morning, Asian equities are as follows: Nikkei 225 (+0.36%) Hang Seng (-0.35%) Shanghai Composite (-0.38%) Latam Markets closed as follows: Merval 25 (+3.07%) Bovespa (+2.29%) INMEX (+1.18%) ________________________________________ Company News Bidvest Group - Trading Statement In accordance with Section 3.4(b) (i) of the JSE Listings Requirements, listed companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported will differ by at least 20% from those of the previous corresponding period. Shareholders are advised that: - The normalised headline earnings per share (HEPS) for the year to 30 June 2018 is expected to be between 11% and 14% higher than the prior year (2017: 1 115.4 cents), translating into normalised HEPS of between 1 238 cents and 1 272 cents. Normalised HEPS, which excludes acquisition costs and amortisation of acquired customer contracts, is a measurement management uses to assess the underlying business performance. - The HEPS for the year to 30 June 2018 is expected to be between 10% and 12% higher than the prior year (2017: 1 108.2 cents), translating into HEPS of between 1 219 cents and 1 241 cents. - Basic earnings per share (EPS) for the year to 30 June 2018 is expected to be between 19% and 22% lower, translating into EPS of between 1 116 cents and 1 159 cents, when compared to the previous twelve months (2017: 1 430.3 cents). This is primarily due to a contraction in the share prices of our associates, Adcock Ingram and Comair, compared to material share price increases in the prior year. The financial information on which this trading statement is based has not been reviewed and reported on by the Group’s auditors. The Group expects its results for the year ended 30 June 2018 to be released on SENS on or about the 3rd of September 2018. ________________________________________ Aus miners: BHP Billiton (+1.26%) Rio Tinto (+0.43%) S32 (+5.67%) FANGs Facebook (+0.59%) Amazon (+1.14%) Netflix (+1.90%) Google (+0.36%) FTSE Miners: Anglo American plc (+0.91%) BHP Billiton plc (+1.58%) Glencore plc (+0.38%) Alibaba Holdings (-0.01%) Tencent Holdings (+0.17%) For any assistance or trading related queries, please contact the Unum Trading desk on 011 384 2929
JSE:J200
by MariusGrobler301
Unum Market Commentary: Global Equities Remain Bid, Dollar fadesRumblings throughout the financial markets continued on Tuesday around US Donald Trump being concerned about the Federal Reserve raising interest rates. As you may well know, higher rates in the US means a stronger US Dollar but could also spell trouble for equity markets which for nearly a decade have relied on low interest rates to borrow cheaply and fuel growth. This dollar weakness saw the Rand gain on the day, testing a one-week low of R14.27. Also on the day the All Share Index was marginally higher by 0.07% while the Top 40 added 24 points to close the session 0.05% higher. JSE Major Sectors Resources 10 -1.19% Industrial 25 +0.28% Financial 15 +1.03% In currencies, the South African Rand trades as follows: USDZAR -0.28% to 14.34 GBPZAR -0.23% to 18.52 EURZAR -0.23% to 16.61 Gold trades at $1201 Platinum at $795 Brent Crude Oil at $72.92 International Markets This morning, Asian equities are as follows: Nikkei 225 (+0.61%) Hang Seng (+0.30%) Shanghai Composite (-0.65%) Latam Markets closed as follows: Merval 25 (-0.74%) Bovespa (-1.50%) INMEX (+1.04%) Aus miners: BHP Billiton (-1.60%) Rio Tinto (-1.62%) S32 (-0.91%) FANGs Facebook (+0.07%) Amazon (+0.36%) Netflix (+3.14%) Google (-0.37%) FTSE Miners: Anglo American plc (+0.54%) BHP Billiton plc (-2.10%) Glencore plc (+0.24%) Alibaba Holdings (+0.92%) Tencent Holdings (+2.28%)
JSE:J200
by MariusGrobler301
Mike sharesIPL: FY results out today, HEPS came in the middle of guidance. Dividend up, coming in at R7.10 so overall decent. Proposed unbundling has been approved by the board and will be concluded in Q4 2018.Share price is up 1.67% to R201.50 and think medium term is a buy opportunity. Will also benefit from any strength in the ZAR. BHP Billiton: Results came out this morning, missed slightly on estimates, but announced record dividend payout of $0.63 per share, amounts to R9 at current USDZAR FX rate. Reiterated that the proceeds of the IS shale assets will be returned to shareholders once the sale has been completed. Sale was $10.8 bil, don’t think the tax will be much ( est 0.1mil ) so most of it will be returned. The sale will be completed by the end of OCT 2018, and will say how they will return it, either via share buyback or cash payment ( dividend ), I think the market will prefer the latter. Was down around 3% this morning and recovered almost half of this back. Expensive at current levels, but still think you can buy any weakness here. Obviously the GBPZAR has moved quite a bit that needs to be factored in. Target of 18pounds still comes to mind. Shoprite: Urggh, what a disappointment, usually my preferred retailer, but trading statement was a massive disappointment, and results today came in at the lower end of the trading statement guidance. Currently down 6.5% at R198, and will need to review this one. Maybe some bottom pickers out there? Above is the most important company results out today, so what else are we looking at in the market? Few shares is Last Day to trade today: L2D,MIX,MND,MNP,QLT,TWR ( anyone notice how close MND came to touching R400 yesterday? Is it time to to take some off the table? ) Did anyone buy the dip on NPN? If not, shame on you, gave you a nice opportunity I think. Yeah sure Tencent slowed down for the first time in 5 years ( or something like that ), but still a massive powerhouse in my opinion. Some downgrades coming I think, but still way below most target levels. Rhamaphoria rally is gone. So where to from now? Well stick to the names of IPL,BVT? Retailers still a sell on any strength think. Names like TRU,CLS comes to mind? Are we seeing a bit of short covering going on in BID? Keeping an eye on this one for possible short BAW, just buy it :-) ( We did, REMEMBER THIS IS JUST AN OPINION AND NOT ADVICE ) BLU: Getting killed once again on the back of Cell C results. Haven’t read it yet, heard something about a rights issue coming up? Rand is stronger today, every day is like a seesaw with this one. Obviously the market wants this trade wars going on to end now, miners will fly. Seeing more and more CEO commenting how Europe will be the main beneficiary if this trade wars continue between US and China? Nothing else too important I’m seeing today, let me know if I've missed something dramatically? Thanks Michael Porter
JSE:J200
by michaelporter
Unum Market Commentary: Global Equities Firmer on Trade Hopes South African equity markets started the week on the front foot as hope of a resolution to the trade dispute between the United States and China shifted the sentiment from bearish to slightly bullish, continuing the move higher from the middle of last week. On the day, the All Share Index added 0.88% while the Top 40 was higher by 0.99% as shares such as miner Anglo American Platinum and telecommunications giant MTN Group gain by 2.54% and 2.43% respectively. On the downside, South 32 and Sappi lost 1.27% and 1.12% respectively. On the currency front, the Rand continued to trade in it's three-day range between R14.56 and R14.75 versus the US Dollar. In Europe, stocks had a strong day with the EuroStoxx50 higher by 0.68%, with Bayer and Vivendi adding 3.04% and 2.20% on the upside. In the US, the Dow Jones Industrial Average was higher by 0.35% with Nike (+3.05%) leading the way higher. This morning Asian equities are up strongly as the bullish sentiment continues to filter through to markets. JSE Major Sectors Resources 10 +0.54% Industrial 25 +1.32% Financial 15 +0.66% In currencies, the South African Rand trades as follows: USDZAR -0.50% to 14.45 GBPZAR -0.22% to 18.54 EURZAR -0.07% to 16.66 Gold trades at $1201 Platinum at $799 Brent Crude Oil at $72.25 International Markets This morning, Asian equities are as follows: Nikkei 225 (+0.23%) Hang Seng (+0.42%) Shanghai Composite (+1.43%) Latam Markets closed as follows: Merval 25 (-2.60%) Bovespa (+0.39%) INMEX (+0.99%) Aus miners: BHP Billiton (-1.72%) Rio Tinto (-0.74%) S32 (-2.52%) FANGs Facebook (-0.75%) Amazon (-0.29%) Netflix (+3.46%) Google (+0.50%) FTSE Miners: Anglo American plc (+1.30%) BHP Billiton plc (+0.97%) Glencore plc (+0.34%) Alibaba Holdings (+2.03%) Tencent Holdings (-0.11%)
JSE:J200
by MariusGrobler301
Unum Market Commentary: JSE Recovers; Rand Remains WeakOn Friday, the South African equity markets closed in positive territory following it's mid-week slump with the All Share Index adding 0.15% for the session. The Top 40 index edge higher by 0.19% with the 19 shares closing higher while the remaining 21 saw losses. On the upside, Quilter and Amplats added 2.67% and 2.26% respectively while Bidvest and RMB Holdings lost 2.04% and 1.95%. In Europe, stocks were flat to down with the Dax and CAC40 losing 0.22% and 0.08% respectively, while the FTSE100 index added 0.08%. In the United States, stocks continued to push higher as follows: Dow 30 (+0.43%), S&P 500 (+0.33%), Nasdaq (+0.13%) and Russell 2000 (+0.46%). JSE Major Sectors Resources 10 +0.79% Industrial 25 +0.34% Financial 15 +0.90% In currencies, the South African Rand trades as follows: USDZAR +0.03% to 14.66 GBPZAR 0.00% to 18.68 EURZAR -0.03% to 16.75 Gold trades at $1192 Platinum at $790 Brent Crude Oil at $71.59 International Markets This morning, Asian equities are as follows: Nikkei 225 (-0.25%) Hang Seng (+0.96%) Shanghai Composite (+0.11%) Latam Markets closed as follows: Merval 25 (-2.60%) Bovespa (-1.03%) INMEX (+0.22%) Aus miners: BHP Billiton (+1.34%) Rio Tinto (0.11%) S32 (+0.60%) FANGs Facebook (-0.52%) Amazon (+0.23%) Netflix (-1.76%) Google (-0.67%) FTSE Miners: Anglo American plc (-0.58%) BHP Billiton plc (-0.16%) Glencore plc (+0.05%) Alibaba Holdings (+0.45%) Tencent Holdings (+2.31%) T he Unum Capital Trading Desk e-mail: customersupport@unum.co.za Tel: 011 384 2920
JSE:J200
by MariusGrobler301