The JSE all share index took a knock on the first day of the week closing Tuesday on 66 549 with a -0.6% loss since its opening price of 65 809.
On Tuesday the South African equity markets saw Imbalie Beauty Ltd. taking the title for biggest loser of the day with a -33.33% loss, whilst Trustco Group Holdings Ltd. saw a 19.88% gain moving from R1.61 to R1.93, making it the biggest winner in the equity market.
Former South African president Mr Jacob Gedleyihlekisa Zuma has been found guilty of the crime of contempt of court. In a Court Judgement , he has been sentence to undergo 15 months imprisonment.
The Automotive Association has hinted on a fuel hike in July. Petrol could increase by 23c per litre and diesel by 38c per litre while paraffin could possibly go up by 32c per litre.
The Rand took a slight knock against the Greenbag on Tuesday closing at 14.36 from its opening of 14.26.
Gold moved from its opening of 1 778.48 to close at 1 761.24 USD/oz. giving it a -0.1 % loss
Platinum slipped on Tuesday moving to 1 071.80 USD/oz. from its open price of 1 095.10 USD/oz resulting in a -2.1% loss.
Palladium saw a slight move from 2 645 and closing at 2 691.50 USD/oz on Tuesday.
Oil (Brent Crude) closed at 74.76 from its opening of 74.68 USD.
Global Markets
The NASDAQ continued on its path of hitting record highs on Tuesday. Cyclical stocks saw some gains.
Investors are keeping an eye out on the Delta variant of the SARS–COV- 2 stain that is rapidly spreading across the world. Investors are more optimistic on the economic recovery following yesterday’s US data.
What to watch today:
U.S. ADP Nonfarm Employment Change, Canada Gross Domestic Product (GDP), U.S. Crude Oil Inventories, U.S. Pending Home Sales Index.
