Warren Hammond
Warren Hammond
banks earnings initially led negative news resource stocks
Initially we were down on negative earnings news from the US, but resource stocks led a rebound, industrials and banks are still under pressure.
bit gained good january profit quite retail sales saw stocks taking yesterday
Those consumer-oriented stocks gained quite aggressively yesterday after the January retail sales data, which was a pretty good number, so we saw a bit of profit taking today.
bullish certain continued extent helped oil slightly weaker
Oil has continued to firm. That's bullish for the two stocks, which were also helped to a certain extent by the slightly weaker rand.
hit people results shares
Their results were pretty much in line, and after the shares hit life-time highs, people are cashing in after the results.
driving positive resource
All in all, it's a big plethora of positive resource info, that's what really driving our market.