Market Commentary

Unum Market Commentary: Equities Rally As Market Sees Dovish Fed

Unum Market Commentary: Equities Rally As Market Sees Dovish Fed

On Wednesday, stocks on the JSE closed in firmer territory as global sentiment improved ahead of the highly anticipated G20 meeting taking place in Buenos Aires which commences on Friday 30 November. The All Share Index and Top 40 was higher by 1.05% and 1.27% respectively led by Naspers (+3.75%), Pepkor (+3.02%), Glencore (+2.88%) and Standard Bank (+2.42%) while laggards included Nepi Rockcastle (-14%) which was the subject of a report by international research firm Viceroy. In terms of sectors, the Resources 10 added 1.23%, the Industrial 25 1.81% while the Financial 15 shed 0.05% for the on the day.…
Unum Market Commentary: JSE Advances As Financial and Industrial Sectors Lead

Unum Market Commentary: JSE Advances As Financial and Industrial Sectors Lead

South African equities kicked off the trading week on a strong note as risk-on sentiment, starting in Asia, drove performance across a broad range of sectors, as the EU Brexit approval as well as a rebound in oil prices offset last week’s muted global economic data. On the day, the All Share Index advanced by 1.96% ,while the Top 40 Index added 2.27% for the session, led by Pepkor Holdings (7.55+%), Old Mutual (+6.67%) and Firstrand (+4.51%) while large cap laggards on the day included Kumba Iron Ore (-5.38%) and Anglo American (-1.72%). In terms of sectors, the Resources 10…