The JSE all share index closing the day at 66 829 from its opening price of 66 011.
On Monday the South African equity markets saw Brikor Ltd. (BIK), being the biggest loser of the day with a -12.20% loss moving from R0.41 to close the day at R0.36, whilst Alphamin Resources Corp. (APH) saw a 24.10% gain moving from R10.04 to R12.46, making it the biggest winner in the equity market.
The International Monetary Fund has pumped in R65 Billion into South Africa’s Fiscus.
Following an announcement regarding Shoprite being in line to buy some of Massmart’s businesses, Shoprite’s share price hit a 52-week high on Monday.
The Rand slightly recovered against the US Dollar on Monday closing at R15.13 from its opening price of R15.30
Commodities showed strong signs of recovery on Monday with our top commodities performing better than last week Friday.
Gold moved from 1 781.11 USD/oz to 1 805.43 USD/oz.
Copper gained by 2.8% closing at 9 301.45 USD/t. from its opening price of 9 044.00 USD/t.
Platinum continued on its recovery trajectory with a 2.1% gain, closing the day at 1 018.06 USD/oz from its opening price of 997.10 USD/oz.
Oil prices recovered on Monday with Brent Crude moving from 65.18 to closing at 68.75 USD. Resulting in a 5.5% gain.
US Dollar Index lower but still holds at 93.00. The USA500 closed with a +0.85% gain closing at 4479, while the NASDAQ was the biggest mover with a +1.55% gain which was backed by the formal approval by the US of Pfizer (+2.5%)/BioNtech (+9.5%) vaccine.
The September 10-year Bund future is down 9 ticks while U.S. futures are also in the negative. DAX and FTSE 100 futures meanwhile are up by 0.16% and 0.21% respectively.
USOil up by over 5% and trades at $65.50
Things to watch today
Germany Gross Domestic Product (GDP) QoQ, South Africa Unemployment Rate, U.S. New Home Sales, European Central Bank Schnabel Speaks.
All prices captured are taking from the previous business day. The material is provided for a general information purpose and do not constitute an independent investment research. Nothing in this market wrap contains, or should be considered as containing, an 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.