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A flattish day

22 July 2004 Angelo Coppola

(23.7.04) Local markets closed more than 1% lower on the back of weaker world markets and profit taking locally yesterday.

The IT and resources sectors were the main causalities; IT shedding 3.46% and resources weaker by 2.02%.

The currency traded flat against the majors and no real action was seen in the South African bond market.

Commodities traded mixed with oil gaining 2.29%, gold fell 0.73% and platinum was unchanged at 829 US$. European markets closed in the red with the FTSE, DAX and CAC closing more than 1.5% lower.

US markets traded flat despite an announcement by Microsoft that its quarterly earnings rose 81%, but its forecast was weaker-than-expected and consequently Microsoft traded lower. The Hang Seng is currently trading up but the Nikkei is trading down by 0.72%.

A quite day is expected locally while the currency should continue to dominate the trend locally.

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QUESTION

Healthcare brokers have long complained about inflation-plus medical scheme contribution increases; but pandemic may have changed things. What will pandemic-induced changes in hospital utilisation do to medical scheme contribution increase patterns?

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Below inflation increase for 2022, then back to inflation-plus
Long-term trend of below inflation increases
Inflation-linked hikes for 2022, then back to inflation-plus
This is a 2-year hiccup, inflation-plus increase trend remains in place
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