KEEP UP TO DATE WITH ALL THE IMPORTANT COVID-19 INFORMATIONCOVID-19 RESOURCE PORTAL
FANews
FANews
RELATED CATEGORIES
Category Investments

Two in a row…

02 December 2004 Angelo Coppola

Gerbrand Smit, analyst at The Efficient Group, says that the major performers were the platinum (+1.40%) and information and technology (+2.58%) stocks.

MTN (+4.38%) swept investors off their feet, while Absa (+2.27%) kept the hearts racing. After reaching a 6 year peak (R/$5.70) on intraday trading, the rand lost some value against the dollar and settled at R/$5.84.

The euro made headlines when the currency struck a new high against the dollar; clawing to a level of $/€ 1.338. The gold price (-1.32%) may have fallen on yesterdays trade, but it is still 80% up from 2001 when the price was $250/oz. Happy days for consumers, the price of oil (-5.11% yesterday) dropped by $6 in the last two days.

US equity markets were still mixed after uninspiring retail figures were released on Wednesday. European stocks were driven by fuel hungry airliners as the oil price declined.

The DAX (+0.73%) rallying ahead of the CAC (0.39%) and FTSE (0.33%). Currently the Nikkei 225 (0.95%) are in the black, with the Hang Seng (-0.17) marginally down.

The positive international markets should be a good indicator for local investors and hopefully the surge in the market will continue.

Quick Polls

QUESTION

Are you shocked by Sasria’s 2022 rate increases, or is it expected given the sheer scale of the July 2021 rioting plus the ongoing increase in frequency and severity of protest losses?

ANSWER

Yes, I am shocked and so will my clients be shocked
No, it was expected
fanews magazine
FAnews November 2021 Get the latest issue of FAnews

This month's headlines

New proposals to amend PPRs have major impact
The untold truth about intermediary agreements
Rethinking claims
Tik-Tok: The clock is ticking on SA’s R45 billion unclaimed benefits bomb
Medical schemes’ average increases for 2022
Disability claims aggregation
Subscribe now