Market Commentary

Unum Capital - Market Research Note For 18 November 2019

Unum Capital - Market Research Note For 18 November 2019

Newsflow & Eye-Catchers: JSE All Share: For the week ended 15 November, closed lower by 0.99% or 562 points. Weekly Leaders: Capital & Counties (7.52%), Harmony Gold (+6.04%), Spar (+5.59%), Mediclinic International (5.04%), Aspen Pharmacare (4.77%), Goldfields (+4.75%) Weekly Laggards: Telkom (-9.87%), Multichoice (-7.72%), Glencore (-4.89%), Echo Polska Properties (-4.02%), Sasol (-3.68%), Prosus (-3.62%) Recent Economic Data: SA Retail Sales below forecast +0.2% YoY and 0.5% MoM. Gold Production YoY -2.3% vs forecast of -7.2%, Mining Production +0.2% vs forecast of -2%, Mining Production MoM +1.5% vs forecast of 0.6%. Economic Data Coming Up: Wed 20 Nov – Inflation Data.…
Unum Capital: Research Note 11-Nov-2019

Unum Capital: Research Note 11-Nov-2019

Market Review: JSE: On Friday, uncertainties around trade between the US and China saw South African equities closed sharply lower, ending the week where it started – at 50406 index points. For the session, the JSE Top 40 closed lower by 1.59%, the biggest one-day decline since 02 October. Leading the index lower was Goldfields (-6.31%), Richemont (-5.73%), Kumba Iron Ore(-5.53%), Investec Plc (-4.46%) and Anglogold Ashanti (-2.34%) while leader shares that managed to hold it’s own included Pepkor (+3.9%), Growthpoint Properties (+2.44%) and Nepi Rockcastle (+0.24%). European Shares End Lower on Trade Worries: Stock markets in Europe closed mostly…