Tuesday 05 October 2021 iDaily Market Wrap | 7 billion dollars fall for Zuckerberg in less than 7 hours

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South Africa
The JSE all-share index closing the day at 64 129 from its opening price of 63 661.

On Monday the South African equity markets saw Calgro M3 Holdings Ltd. (CGR) being the biggest loser of the day with a -16.26% loss moving from R2.89 to close the day at R2.42, whilst Rebosis Property Fund Ltd. (REA) saw a 35.59% gain moving from R0.59 to R0.80, making it the biggest winner in the equity market.

The Rand slipped against the US Dollar on Monday, moving from R14.88 to R15.04.

United Phosphorus Limited did not have environmental authorization to operate its Cornubia chemical factory near Durban at of the political unrest that took place in July. Some beaches in parts of Durban were closed due to the chemical spill.

Commodities
Commodities showed strong signs of recovery with most of our listed commodities seeing recoveries and closing Monday higher than their opening prices.

Gold gained by 0.5% moving from 1 760.98 USD/oz to 1 769.57 USD/oz.

Platinum slightly slipped, closing at 969.26 USD/oz from its opening price of 977.11 USD/oz.

Copper gained by 1.3%, closing Monday on 9 257.50 USD/t from its opening price of 9 135 USD/t

Following the OPEC + meeting, Oil prices continued on their upward movement with Brent Crude breaching the 80.00 USD mark. Brent Crude moved from 79.28 USD to close at 81.26 USD.

Global Markets
Social networks Facebook, Instagram and WhatsApp have fallen globally and as never before as the social networks began to have intermittent problems since yesterday during the day, but as of today left 2.9 billion Facebook users, 2000 million WhatsApp users and the same from Instagram were unable to access the services. Mark Zuckerberg throughout September lost 19 billion dollars, and that, coupled with the huge amount of 7 billion dollars in a matter of hours of this incident, cut his fortune to 121,600 billion dollars, leaving Mark in fifth place on the Bloomberg Billionaires Index. Click Here to get the full coverage.

Things to watch today
Japan Tokyo Consumer Price Index (CPI) Excluding Food and Energy, Australia Retail Sales MoM, Australia Interest Rate Decision, South Africa Standard Bank Purchasing Managers Index (PMI), U.K. Composite Purchasing Managers’ Index (PMI), U.K. Services Purchasing Managers Index (PMI), Brazil Industrial Production YoY, U.S. ISM Non-Manufacturing Purchasing Managers Index (PMI), European Central Bank President Lagarde Speaks, South African Reserve Bank Monetary Policy Review.

Disclaimer
All prices captured are taking from the previous business day. The material is provided for a general information purpose and does not constitute independent investment research. Nothing in this market wrap contains, or should be considered as containing investment advice or an investment recommendation, or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance.



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