SA Midday Report 6 October with Leigh Riley

The JSE all share index is up 0.19% in morning trade.

https://www.youtube.com/watch?v=NMzk34AvsZs&feature=youtu.be

Industrials les the way; trading up 0.72% whilst Resource counters continue to flounder on the back of weaker commodity prices down more than half a percent this morning.

The local market seems to have taken some queues from positive US data on Friday, also following Asia this morning which seems to be normalising after extended political protests in Hong Kong.

A number of stocks are going ex-div today including: African Oxygen Ltd, Murray & Roberts, Bidvest, Discovery, Sasol, Firstrand, RMB Holdings, Aspen and RMI Holdings.

In currencies the Rand has strengthened against the majors trading at R11.27 to the dollar, R18.02 to the British Pound and R14.14 to the Euro

Commodities are still weak with Gold trading at $1194/oz, Platinum at $1219/oz and Brent Crude at $92.52/ Barrel and in local news President Jacob Zuma has announced a replacement for outgoing Reserve Bank Governor Gill Marcus in Lesetja Kganyago. Kganyago was most likely to succeed Marcus having served as treasury deputy general from 2004 – 2011and the Reserve Bank deputy general since 2011.

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SA Midday Report 6 October with Leigh Riley

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