The JSE all share index continued in its path of recovery closing Monday on 67 293 with a 1.4% gain from its opening price of 66 386.
On Monday the South African equity markets saw Go Life International Ltd. being the biggest loser of the day with a -50.00% loss moving from R0.02 to close the day at R0.01, whilst CSG Holdings Ltd. saw a 12.50% gain moving from R0.24 to R0.27, making it the biggest winner in the equity market.
The death toll resulting from the KZN violence rises to 26.
Standard Bank was fined R66.18 million from the Central Bank of Mozambique.
Large stores and shopping centres closed throughout the Kwa-Zulu Natal and some parts of the country in the wake of South Africa’s worse violent protest demonstration since 1994. In an emergency nation address, President Cyril Ramaphosa condemned the violence and has deployed the army to assist the police in areas worst affected. Gauteng and Kwa-Zulu natal are the epicentre of the violent protests with stores and shopping centres being looted. “As the Commander-in-Chief of the South African Defence Force, I have today authorised the deployment of Defence Force personnel in support of the operations of the South African Police Service. The National Joint Operational and Intelligence Structure – known as NatJOINTS – has intensified deployments in all the affected areas in KwaZulu-Natal and Gauteng”: he said.
In the wake of the violent protests in some parts of the country, the Rand took a knock against the Greenbag on Monday closing business day at R14.40 from its opening of R14.20.
Gold moved from its opening of 1 808.83 to close Monday business day at 1 806.28 USD/oz.
Platinum continued to recover on Monday moving to 1 122.76 USD/oz. from its open price of 1 104.67 USD/oz resulting in a 1.6% gain.
Palladium recovered yesterday closed Monday’s business day on 2 854.92 USD/oz.
Oil prices took a slight knock on Monday with Brent Crude closing business day at 75.16 from its opening of 75.55 USD.
Global Markets
Morgan Stanley expected to report its second quarter earnings on July the 15th 2021.
Wall Street equities hit all-time highs with Tesla being the biggest contributor on the S&P 500 and NASDAQ on Monday with a gain over 4%.
What to watch today
South Africa Mining Production, South Africa Gold Production YoY, U.S. Core Consumer Price Index (CPI), EU Finance Ministers Meeting.
