The Day Ahead for Monday 26 June 2017

Wall Street ended the day in mixed territory on Friday with the Dow Jones Industrial Average closing marginally lower by 0.01% while the S&P500 closed in the black by 0.16%. Eastern markets are trading in positive territory this morning with the Nikkei and the Hang Seng index currently higher by 0.13% and 0.38% respectively. Tencent is trading in the black by 0.79% whilst BHP Billiton has gained 0.36% this morning. The Australian ASX is trading stronger by 0.11% thus far. Traders can expect a positive start to trading on our local bourse this morning.

Market Commentary for Friday 23 June 2017

Our local bourse started the trading session in the red on Friday following a stronger Rand but gradually improved as the morning progressed. Market sentiment increased throughout the afternoon to see our market eventually finish the day higher by 0.84% at the close. The best performer for the day was the banking sector, appreciating 1.25% by market close. Leading the upside were RMB Holdings and Barclays, climbing by 1.83% and 1.75% respectively. Our industrial sector followed the trend and finished 1.09% higher, driven largely by Naspers which closed the day 2.6% stronger. On the company front, in summarised consolidated financial results from Naspers, the company produced positive results for the year to 31 March 2017. Tencent delivered strong earnings, while the group continued to scale its e-commerce businesses. Core headline earnings grew 41% to US$1.8bn. In results for the six month ended 31 March 2017, African Phoenix Investments highlighted earnings per share of 4.1 cents (H1 2016 29.5 cents) while headline earnings per share was 4.1 cents (H1 2016 29.5 cents). Net asset value per ordinary share was 39.9 cents (H1 2016 30.8 cents). On the Economic front, France GDP advanced 0.5% quarter-on-quarter in the March quarter of 2017, the same pace as in the prior quarter but slightly stronger than a 0.4% growth in the second estimates, final figures showed. The IHS Markit Flash Germany Manufacturing PMI declined slightly to 59.3 in June 2017 from 59.5 in the previous month, but above market forecast of 59. Sales of new single-family houses in the United States increased 2.9% to a seasonally adjusted annual rate of 610 thousand in May of 2017 from an upwardly revised 593 thousand in April. Total value traded for the day was R11.54bn.

News Articles

Fin24.com | 9/10 richest SA suburbs now in Cape Town
6/26/2017 9:00:01 PM

Cape Town is home to nine of the ten richest suburbs in South Africa and Samuel Seeff, chair of the Seeff Property Group, explains why.

Fin24.com | What Oakbay's voluntary suspension means for investors
6/26/2017 7:59:17 PM

The JSE has temporarily suspended the trading activities of Oakbay Resources and Fin24 spoke to experts to find out what this means for investors.

Fin24.com | Spur bosses to go on countrywide tour to address boycott
6/26/2017 7:16:20 PM

Spur Corporation’s CEO Pierre van Tonder says the company's top management is embarking on a nationwide tour to "gain a greater understanding of their customers and franchisees".

Fin24.com | Rand to trade stronger as markets hope for change in SA - economist
6/26/2017 6:49:26 PM

Until SA exits the World Government Bond Index or there is another external shock, the rand is expected to trade at around R14/$ towards the end of 2017, says an economist.

Fin24.com | Chamber of Mines lodges urgent interdict against Charter
6/26/2017 5:31:53 PM

SA’s mining minister usurped Parliament’s powers by publishing the much contested new Mining Charter, the Chamber of Mines argues in court papers.

Fin24.com | May seals billion-pound Northern Irish deal to stay in power
6/26/2017 4:36:56 PM

UK Prime Minister Theresa May has kept her grip on power by reaching a deal with the Democratic Unionist Party, which will support her minority government in key votes.

Fin24.com | Scandal-ridden prison services firm Bosasa gets new name
6/26/2017 4:29:40 PM

Bosasa Operations, a controversial multi-services company that allegedly paid bribes to senior prison officials, has changed its name to African Global Operations.

Fin24.com | Slowdown in US business-equipment orders may weigh on growth
6/26/2017 3:22:42 PM

An unexpected decline in US orders for business equipment in May indicates cooling capital-goods investment may weigh on second-quarter economic growth.

Fin24.com | Cosatu unites with business against state capture, nuclear and Eskom
6/26/2017 3:12:49 PM

Cosatu and Business Leadership SA have taken a united stand against state capture, nuclear energy and the Eskom leadership, among other issues plaguing the country.

Fin24.com | Two fire companies admit cartel conduct
6/26/2017 3:05:20 PM

Two of seven fire companies being prosecuted have admitted to having engaged in cartel conduct, according to the Competition Commission.

Fin24.com | Cosatu unites with business leaders against state capture, nuclear and Eskom
6/26/2017 2:57:05 PM

Cosatu and Business Leadership SA have taken a united stand against state capture, nuclear energy, the Eskom leadership, amongst other issues plaguing the country.

Fin24.com | Reserve Bank posts R1.4bn profit
6/26/2017 2:51:03 PM

The South African Reserve Bank has reported a profit of R1.4bn for the financial year to March 31, and says its results were impacted by the low interest environment.

Fin24.com | Mngxitama thinks it would be ‘cool’ if Guptas had written Mining Charter
6/26/2017 1:27:33 PM

Gupta defender Andile Mngxitama believes it would be cool if the Guptas had written the Mining Charter.

Fin24.com | Mngxitama thinks it would be ‘cool’ if Guptas wrote Mining Charter
6/26/2017 1:13:17 PM

Gupta defender Andile Mngxitama believes it would be cool if the Guptas had written the Mining Charter.

Fin24.com | May closes in on deal with DUP before UK parliament votes
6/26/2017 12:30:04 PM

UK Prime Minister Theresa May is resuming discussions with the Democratic Unionists as she aims to nail down an agreement with the Northern Irish party.

Fin24.com | Agri Kaap lists on JSE
6/26/2017 12:26:00 PM

Agricultural retailer and trader Kaap Agri has become the seventh company to list on the JSE in 2017.

Fin24.com | German business confidence surges to record high
6/26/2017 11:04:52 AM

German business sentiment has surged to a record high in June amid signs that the outlook for Europe’s largest economy is improving.

Fin24.com | JUST IN: Reserve Bank posts R1.4bn profit
6/26/2017 10:59:56 AM

The South African Reserve Bank has reported a profit of R1.4bn for the financial year ended March 31 2017.

Fin24.com | Chinese firm adds incentives to fend off Glencore's challenge of Rio assets
6/26/2017 10:41:28 AM

China-controlled Yancoal Australia has added new incentives to its offer for Rio Tinto's Australian coal assets to fend off a last-minute challenge by rival Glencore.

Fin24.com | Mozambique debt probe sees R6.4bn in unexplained loans
6/26/2017 10:07:20 AM

Mozambican state companies have failed to account for about a quarter of the proceeds of $2bn in loans being investigated, according to a report.

Heads up: Stor-Age FY17 results- Delivering on the strategy
6/19/2017

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Heads up: PSG Konsult - FY17 results
6/13/2017

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Heads up: Coronation Fund Managers - 1H17 results
6/12/2017

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Heads up: SPAR 1H17 results - Sales growth slows in tough SA environment
6/9/2017

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Heads up: PPC FY17 results
6/7/2017

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Heads up: Mr Price Group Limited - review of results for the year ended 1 April 2017
5/31/2017

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Heads up: Tharisa 1H17 results - a play on chrome
5/30/2017

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Heads up: The Foschini Group - results review for the year ended 31 March 2017
5/26/2017

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Heads up: Datatec 1H17 results
5/25/2017

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Heads up: Mediclinic International - results for the year ended 31 March 2017
5/25/2017

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CHARTS

International Indices

Name	Value	Move
DJ Ind.	21,429.81		35.05	0.2%
DJ Trans	9,435.42		46.75	0.5%
NASDAQ	6,241.04		-24.21	-0.4%
NYSE S and P500 INDEX	2,438.94		0.64	0.0%
FTSE 100	7,451.15		27.02	0.4%
XETRA DAX INDEX	6,271.85		-81.89	-1.3%
DAX INDEX	12,768.52		35.11	0.3%
HONG KONG HANG SENG INDEX	25,871.89		201.84	0.8%
NIKKEI 225 INDEX	20,153.35		20.68	0.1%

Major JSE Indices*

Name	Value	Move
OVERALL	51289		-214.81	-0.4%
TOP 40	45113		-245.45	-0.5%
ALL GOLD	1256		-21.51	-1.7%
INDUSTRIAL	70742		-454.43	-0.6%
FINANCIAL	14500		69.97	0.5%
RESOURCES	28997		-352.90	-1.2%

Delay = 15 minutes

Currencies

Name	Value	Move
ZAR/ / AUD	9.76		0.00	0.0%
ZAR/ / CHF	13.33		-0.08	-0.6%
USD/ / EUR	1.12		0.00	-0.1%
ZAR/ / EUR	14.40		0.02	0.1%
USD/ / GB	1.27		0.00	-0.1%
ZAR/ / GBP	16.33		0.01	0.0%
YEN/ / ZAR	8.70		8.59	7,481.2%
JPY/ / USD	111.51		0.27	0.2%
ZAR/ / USD	12.86		-0.09	-0.7%

Precious Metals & Brent Oil

Name	Value	Move
Brent Oil	45.22		-0.46	-1.0%
Palladium	865.75		3.72	0.4%
Platinum	917.25		-12.92	-1.4%
Silver	16.56		-0.12	-0.7%
Gold	1,244.40		-12.31	-1.0%

Top 5 Gainers -- Delayed

More ^

South Ocean Holdings L	46.7
SABLE PLATINUM LTD	31.9
Adcock Ingram Hldgs Op	18.1
Sekunjalo Inv Ltd	13.0
PBT Group Limited	11.8

Top 5 Losers -- Delayed

More ^

Forbes & Manhatt Coal	-16.7
eXtract Group Limited	-14.3
Bauba Platinum Limited	-13.3
NVest Financial Hldgs	-10.6
Esor Limited	-8.7

PRICES (15 minute delay)

Dipula Income Fund A : DIA 1000

0 | Mix Telematics Ltd : MIX 411

0 | JSE Ltd : JSE 12734

146 | Remgro Ltd : REM 21166

21 | SB Corn ETN : SBACRN 776

-10 |

SENS (15 minute delay)

Nedgroup Private Wealth Stockbrokers (Pty) Ltd (Registration Number 1996/015589/07) .
Member of the JSE Equity, Equity Derivatives, Currency Derivatives, Interest Rate Derivatives, Commodity Derivatives Markets and a juristic representative of Nedgroup Private Wealth (Pty) Ltd, an authorised financial services provider (FSP 828).
Registered credit provider in terms of the National Credit Act (NCR Registration No. NCRCP59).
A member of the Old Mutual Group.

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PRICES (15 minute delay)

SENS (15 minute delay)