Ferdi Heyneke
Ferdi Heyneke
dip initially trend volatility
We had a dip initially but those are not that much of a concern, we'll see some volatility and profit-taking but I think the trend is still rising.
broader coming expect high volatility
I do not think this is a problem. They are just coming off very high levels... for the broader market, I expect to see more volatility and the fundamentals are still good.
guess market monday profit taking volatile
Monday was a very big day but the market is volatile and I guess there was some profit taking but industrials and some insurers are stable.
banks credit demand figures good guys markets news profits taking
I think we are taking after the markets in Europe, most of them are down today. I think the guys are just taking profits on banks because there's still good news especially with credit demand figures this morning.
among banking equity local markets players retailers run since start stocks support today worst
Local equity markets have run very hard, especially among the banks, financials, industrials and retailers since the start of the year. These stocks have been overbought and market players were today banking some profits. The JSE is off its worst levels, so there is support for the market.
against gold ounce pulled rand recent spike
Gold has pulled back from its recent spike to around $505 an ounce while the rand has strengthened to 6.34 against the US dollar.
ahead gold itself platinum profit stocks taking
I think it got ahead of itself especially gold and platinum stocks and profit taking was not unexpected.
driving gold heading positive price sentiment towards
With this gold price heading towards $600, positive sentiment is driving the sector.
despite positive rand remained strong
Despite the strong rand the JSE remained strong, which showed that there was a lot of positive sentiment.
change lower markets profit pull taking today
The JSE was lower today on profit taking and the pull back in markets overseas, especially the East. There is no change in the fundamentals.
gold market moved next people pick price stay steady strong volatile week
The JSE is strong again, but it will stay volatile for the foreseeable future. The Dow was steady overnight, while the gold price moved back to $530/oz. The market should pick up from next week as more people are at their desks.
ahead due expected gains good higher platinum results stocks weaker
Impala is higher ahead of expected good results due in February, gains in other platinum stocks and the higher platinum price, coupled with the weaker rand.
boost domestic nice update
That update and the one from PPC was a nice boost for domestic industrials.
closed following higher market settle thursday
The U.S market closed higher on Thursday and we are following that trend, but I think things will settle down in the new year.