The JSE all share index closing the day at 66 113 from its opening price of 67 906.
On Thursday the South African equity markets saw Randgold & Exploration Co Ltd. (RNG), being the biggest loser of the day with a -17.24% loss moving from R1.45 to close the day at R1.20, whilst Visual International Holdings Ltd. (VIS) saw a 20.00% gain moving from R0.05 to R0.06, making it the biggest winner in the equity market.
The Rand reached its lowest level since March breaking the R15 mark against the US Dollar on Thursday. It closed at R15.21 from its opening price of R14.98 to the dollar.
Standard Bank Group reports positive interim results. “The Standard Bank Group’s results reflect a recovery in client activity, an improved outlook and the strong momentum in our underlying business.” – Sim Tshabalala, Group Chief Executive.
ABSA Group also released its 2021 interim results reporting increased Earnings on Broad-based Recovery and revenue increased by 3% to R41.2 billion. “We are now confident, in hindsight, and considering the improvements in our financial momentum, that most of the key strategic calls made in 2018 were good decisions, which have been delivering against and which and remain very relevant today,” said Jason Quinn, Absa Group Interim Chief Executive.
Commodities took a knock on Thursday with our top four commodities closing lower yesterday.
Gold moved from 1 787.82 USD/oz to 1 780.38 USD/oz. resulting in a -0.4% loss.
Copper continued on its downward trajectory with a -1.4% loss, closing at 8 894.00 USD/t. from its opening price of 9 024.00 USD/t.
Platinum closing the day at 976.69 USD/oz from its opening price of 998.98 USD/oz.
Oil prices continued taking a knock on Thursday with Brent Crude moving from 68.23 to closing at 66.45 USD.
Things to watch today
Reserve Bank of India Monetary Policy Committee Meeting Minutes, Russia Unemployment Rate, Canada Core Retail Sales MoM, U.K. Retail Sales MoM, People’s Bank of China Loan Prime Rate.
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