The JSE All Share ended today down 0.70% to 24980.440. Resources moved down 2.22%, the platinum mining index fell 1.01% and the gold mining index lowered by 0.24%.
Financials lost 0.27%, with the banks index fell only 0.05%. Industrials ended up 0.57% . The dollar was trading at R7.21 per dollar and Gold improved slightly from $626.60/oz to $626.90/oz.
Other Stats
Rand-Sterling 14.1445 +0.07%
Rand-Dollar 7.1712 -0.40%
Rand-Euro 9.2857 -0.52%
Gold $629.10 +0.67%
Platinum $1139.50 +0.35%
Brent Oil $51.28 -0.66%
Current Trades
Sold PPC today and made 12%. BAW is still in a strong upward trend and I am currently up 20%. I have moved my stop loss higher as to preserve more profits but I expect it to be hit tomorrow with it only being 3.9% away from being hit.
JSE CODE:BAW 17932 +3.02%
SECTOR:Diversified Industrials
Watch List
1)JSE CODE:NHM 5190 0.58%
SECTOR: Platinum & Precious Metals
Comment: May be to late but will keep an eye out for dividend
2)JSE CODE:HVL 6977 -3.1%
SECTOR: Steel
Comment: Still feeling good about it waiting for upturn.
3)JSE CODE:SOL 22750 -0.46%
SECTOR: Integrated Oil & Gas
Comment: Earning are hedge so falling oil price not a factor but the market is pricing it in.
Tomorrow
I expect the downward trend to continue in resources while local shares could offer buying opportunities. A warrant trade that is short of resources looking better while oil is falling.
No comments:
Post a Comment