Yesterday was a weak day on the markets with almost all indices closing lower. The rand showed strength, reaching R13.45 to the US$ by our close. This followed on from international markets which were weak following S&PCase Shiller US Home prices that increased 5%, marginally less than the 5.1% forecast. This international weakness did start to turn around after US consumer confidence numbers, which at 104.1 were well ahead of consensus, however this was not in time to push our local markets into positive territory before the close. By the end of the session, the All-Share Index was lower by 1.13%. On the company front, Capitec Bank released results for the six months ended 31 August 2016. These showed that headline earnings per share rose 19% to R15.17, headline earnings increased 19% to R1.754 billion and the interim dividend per share has been increased 20% to R4.50. The company reported a return on equity of 26% and confirmed it now has 7.9 million active clients. Ecsponent also released interim results to the 30 June 2016. Through these the company expressed that the access to capital through the issue of preference shares resulted in continued improvement in the group’s performance and generated increased returns for the 6 months ended 30 June 2016. The highlights showed that total revenue increased by 74.7% to R116.7 million, gross profits increased by 97.8% to R95.8 million, operating profits increased by 166.7% to R58.4 million and profits before tax increased by 61.5% to R28.5 million. Current assets increased by 265.3% to R652.9 million while total assets increased by 163.6% to R777.1 million. Earnings per share rose by 26.3% to 2.23 cents per share. Sirius Real Estate announced the completion of the acquisition of the Dresden business park for €28.6 million (including acquisition costs). The site has 53,200 sqm of gross lettable area of which 45.9% is offices and 39.3% is warehouses and the rest is a structural vacancy with an opportunity for development into further office space. The occupancy upon acquisition is 65.7% across a broad base of 60 tenants paying a total annual rental income of €2.78 million with a weighted average lease length remaining of 3.3 years. Raubex Group released a trading statement advising shareholders that the company expects its earnings per share and headline earnings per share for the six month period ended 31 August 2016 to be between 20% and 25% higher compared to the corresponding period to 31 August 2015. This translates in earnings per share ranging between 129.6 and 135.0 cents per share and headline earnings per share ranging between 128.4 and 133.8 cents per share. York Timber released results for the year ended 30 June 2016. These showed that revenue is up 15%, EBITDA increased to R243 million as a result of improved product mix, plant efficiencies and an increase in lumber market share of 4%. Cash generated from operations was R285 million, up R102 million from the prior year and net biological asset value increased by 9% to R2.334 billion. Underlying TNAV rose 13% to 834 cents per share while earnings per share increased by 135% and core earnings per share increased by 63%. The total value traded for the day was R23.7bn.