Investor Insights
PREMIUM – Kokkie Kooyman: Why SVB collapse hit banking stocks so hard; backstory on Absa, Transaction Capital
Kokkie Kooyman on the disappointing results from Absa and Transaction Capital, which triggered intense selling pressure on the stocks.
The collapse of Silicon Valley Bank, the US's 16th largest, sent shock waves through global markets, knocking banking shares worldwide. In unrelated developments in SA, results from Absa and Transaction Capital disappointed, triggering intense selling pressure on the stocks, both of which are held in the BizNews model portfolio. Our go-to man on financial services, Denker Capital's Kokkie Kooyman, broke into his 'bucket list' holiday in Greenland to explain the relevance of these developments. He spoke to Alec Hogg of BizNews.
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