The JSE all-share index is 0.14% lower in morning trade, with resources falling 1.37%.
In company news: Netcare in its is audited group results for the year ended 30 September indicated that adjusted headline earnings per share are up 19.5% to 167.8 cents.
Group cash flow from operations was up 15.6% to R4.382 billion, with revenue up 16.1% to 31.783 billion and a final dividend of 48 cents, up 18.5% from the previous year.
Pioneer Foods Group in its consolidated financial statement for the year ended 30 September had its revenue increase by 9% to R17.7 billion, adjusted headline earnings per share was up 37% to 637 cents, with the dividend up 81% to 156c per share.
In currencies news the Rand is trading at R11 to the Dollar, R13.64 to the Euro and R17.21 to theBritish Pound. In commodities, Gold is trading at $1.195/oz., Platinum at $1,221/oz. and Brent Crude at $80.71/barrel.
In economic news, we have the ECB announcing covered bond purchases at 4:30pm.
Chart of the day
The chart of the day from our market analyst Shaun Murison is on the South Africa 40 index, where we can see that the index has retraced back to support from the inverse head and shoulders at 43750 before commencing with gains following news from rate cuts in China with a break of current levels favouring further bias to the upside and a target of 46500.
South Africa 40 index
