MariusGrobler301

MariusGrobler301

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,...

MariusGrobler301

On 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...

MariusGrobler301

Local 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...

MariusGrobler301

With the petrol price increasing, tax increased this year results on a lot of financial pressure on the south african consumer leaving consumers with a lower disposable income. In time of lower disposable income it is natural in an economic sense that there would be an increase on credit purchases from consumers. With this being said. I think TFG is best...

MariusGrobler301

Rumblings 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...

MariusGrobler301 Updated 

Algorithms indicating upward momentum. 141.74 possible algo target

MariusGrobler301

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...

MariusGrobler301

From a fundamental perspective, I see SHP as a buy. This year has been hard on SA consumers so far. With an increase in tax, SA consumers are left with a lower disposable income. Inflation is going up, so are interest rate. Never the less, food remains a necessity and therefore we remain confident that food remains a good investment in times of financial...

MariusGrobler301

On 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...