Market Scorecard Some days there is very little to talk about. Other days, like today, there are many topics to cover! First off, our president reappointed Lesetja Kganyago as governor of the SARB for another five-years. The SARB is a central institution to the South African economy, so having competent leadership is important. Lesetja … Continue reading The Billionaire Space Race
Market Scorecard It was another day where our market did the opposite of global markets. For a change though the JSE All-share was higher and global markets lower. The main focus at the moment is the storm brewing between the US and the EU, particularly the UK. Then there is also Fed chair, Jay … Continue reading Sneaky Exchange
Market Scorecard It is not often that the JSE All-share goes against the flow of international markets. As election numbers came through showing a secure ANC and lower than expected EFF result, SA Inc started to surge. Banks and retailers both pushing higher, all while global markets were crashing due to a new chapter … Continue reading The Amazon of Travel
Market Scorecard Yesterday the JSE All-share drifted sideways until the US market opened at 15:30 our time. In the last 90 minutes of our trading day the market shot 0.5% higher. Markets seem to have put the inverted yield curve behind them. In fact, this inverted yield curve has increased calls for the Fed … Continue reading WhatsApp, Y’ello, Kunjani
Market Scorecard Brexit happening by the end of this month looks highly unlikely after a vote in the UK parliament last night. The House of Commons voted not to leave the EU until there is a deal in place. Although a palatable deal doesn't even look remotely possible at this stage. From here it … Continue reading Please Sir, I Want Some More Time
Market Scorecard Over the weekend, there was tragic news of the Ethiopian Airlines plane crash. Similar to the Lion Air crash late last year, it was a Boeing 737-8 Max, which was only a couple of months old and the plane crashed shortly after takeoff. In the Lion Air crash, there was a faulty … Continue reading MTN Back in Signal
Market Scorecard Yesterday Nedbank released their Full Year numbers, which amongst other things showed a positive contribution from Ecobank, their West Africa subsidiary. Rewinding 12 months though, Ecobank cost the group R975 million, where, in the current financial year it gave them a profit of R375 million. As an investor it is tough to … Continue reading Iranian Headwind
Market Scorecard There goes another financial year, and another month in 2019. Have you stopped writing 2018 yet? With the end of February and a modest 3% gain for the S&P 500 in the month, it means that this is the best starting two months since 1987. Not too shabby hey Nige. Locally there … Continue reading Fishing for Assets
Market Scorecard After a week of being closed, mainland China's stock exchanges are open today and are up over 1%. The positivity in mainland China spilt over to Hong Kong, where Tencent is currently up 1.3%. The push higher from Tencent means that it broke through the HKD 350 a share for the first … Continue reading Is Match a Catch?
Market Scorecard Yesterday there were trading updates from a couple of South African mining companies; ties in nicely with the mining indaba happening in Cape Town this week. For both Impala Platinum and Anglo Gold, they have swung from being loss-making last year to making profits this year. Management of both companies have been … Continue reading Instawham!