Midday market report
The JSE all-share index opened slightly stronger, trading 0.1% up in morning trade.
https://www.youtube.com/watch?v=gHdb5tR-rUs&feature=youtu.be
Industrials are trading nearly flat at 0.03% up and resources are trading 0.25% stronger. Banks gave back nearly 0.3%.
An interim dividend of 11 cents per share has been declared. Sun International had a profit and dividend announcement for the year ended 30 June 2014. Revenue is up by 5.4%, HEPS was adjusted down with 7.3% and a final gross cash dividend of 155 cents per share was declared. Changes to the board were also announced, welcoming a new non-executive director.
The rand is trading R10.69 to the Dollar, R14.10 to the Euro and R17.72 to the British Pound. In commodities: Gold is trading at $1,276 per ounce, Platinum at $1,415 per ounce and Brent Crude is at $102.33 per barrel.
Today is relatively quiet in terms of economic news. It is a bank holiday in the UK, and we are awaiting US New home sales figures out at 16:00 this afternoon local time.
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