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PSG Wealth Daily Investment Update 26 November 2014

Resources drag on JSE The Nikkei Index ticked down on Wednesday The Hang Seng Index rose on Wednesday, due to gains for brokerages European markets marked time on Tuesday after a two-day rise U.S. stocks closed mixed on Tuesday JSE closed lower on Tuesday as mining stocks pulled the market down The Rand firmed against the dollar on Tuesday after the latest GDP data Gold dipped from $1,200 an ounce on Wednesday as equities rose U.S. oil prices fell 2.5% to near four-year lows For Read more [...]

PSG Wealth Daily Investment Update 25 November 2014

JSE closes lower as resources stocks fall on profit-taking The Nikkei Index rose on Tuesday The Hang Seng Index traded lower on Tuesday as investors there were more cautious European markets inched lower in early trading on Monday U.S. stocks rose on Monday on hopes that China will take further accommodative action The JSE failed to follow firmer global markets on Monday The Rand inched lower against the U.S. dollar on Monday Gold steadied below $1,200 an ounce on Tuesday Oil Read more [...]

PSG Wealth Daily Investment Update 24 November 2014

JSE rally the most in three years The Nikkei Index edged up on Friday The Hang Seng Index rose on Monday with a key index hitting a three-year high European markets were set for their first weekly gain this month The Dow and S&P 500 closed firmer on Friday after China’s central bank cuts interest rates The JSE delivered its best daily performance so far this year on Friday The Rand strengthened against the dollar on Friday Gold was trading close to a three-week high on Monday Brent Read more [...]

PSG Wealth Daily Investment Update 21 November 2014

Dow and S&P 500 finished at record highs The Nikkei Index slipped on Friday The Hang Seng Index and mainland Chinese shares rebounded on Friday European markets dipped slightly on Thursday The Dow and S&P 500 finished at record highs on Thursday The JSE dropped below the psychologically important level of 50‚000 The Rand strengthened against the dollar on Thursday Gold was heading for its third-straight weekly gain on Friday Brent crude oil briefly touched $80 a barrel Read more [...]

Get on with it

It seems like the old saying “let sleeping dogs lie” is not applicable to four JSE listed construction companies? The saying means that one should not instigate trouble or leave something alone as it may cause trouble. In other words, do not talk about things which have caused problems in the past. Charges of collusion relating to construction projects leading up to the Soccer World Cup in South Africa in 2010 just would not die down. Market sentiment towards the JSE Construction sector remains bearish amidst the uncertainty around the Competition Tribunal hearings, with the index price trading at three year lows. Read more [...]
Publication: In The Press

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