The JSE all share index slipped on Thursday closing business day on 67 538.61 with a -0.5% gain from its opening price of 67 897.60.
On Thursday the South African equity markets saw Imbalie Beauty Ltd. being the biggest loser of the day with a -33.33% loss moving from R0.03 to close the day at R0.02, whilst Liberty Holdings Ltd. saw a 22.70% gain moving from R67.48 to R83.44, making it the biggest winner in the equity market.
Standard bank has announce that it is buying the rest of the liberty business it did not own, this announcement resulted in Liberty holdings being the biggest upward mover in the equity market on Thursday.
Over 117 people are reported dead from the looting and violence seen in Kwa-Zulu Natal and some parts of South Africa.
Ratings agency Fitch believes that the violent riots and protests that has been taking place in Kwa-Zulu Natal and some parts of the country will not have a long term significant impact on the country’s economic growth prospects. “Fitch Ratings believes that the direct economic impact of riots in South Africa following the arrest of former president Jacob Zuma will be limited for the sovereign’s creditworthiness,” the ratings agency said. (Daily Maverick)
The Rand is still under pressure and slipped against the Greenbag on Thursday closing business day at R14.56 from its opening of R14.48.
Gold moved from its opening price of 1 827.53 to close Thursday business day at 1 829.47 USD/oz leaving it with a 0.1% gain.
Platinum continued to gain on Thursday moving to 1 142.67 USD/oz. from its open price of 1 132.47 USD/oz resulting in a 0.9% gain.
Palladium slipped yesterday closed Thursday’s business day on 2 784.75 USD/oz.
Oil prices continued on their downward movement on Thursday with Brent Crude closing business day at 73.47 from its opening of 74.76 USD.
Global Markets
Chip stocks saw some weakness yesterday which brought the S&P 500 and the NASDAQ down.
The recent floods in Germany have now claimed 81 victims and more than 1 300 people are reported missing.
What to watch today
New Zealand Consumer Price Index, Bank of Japan Monetary Policy Statement, Eurozone Consumer Price Index (CPI), U.S. Core Retail Sales, U.S. Retail Sales
