19 Quotes by Ferdi Heyneke

With this gold price heading towards $600, positive sentiment is driving the sector.

Monday was a very big day but the market is volatile and I guess there was some profit taking but industrials and some insurers are stable.

I do not think this is a problem. They are just coming off very high levels... for the broader market, I expect to see more volatility and the fundamentals are still good.

Gold has pulled back from its recent spike to around $505 an ounce while the rand has strengthened to 6.34 against the US dollar.

I think it got ahead of itself especially gold and platinum stocks and profit taking was not unexpected.

I think we are taking after the markets in Europe, most of them are down today. I think the guys are just taking profits on banks because there's still good news especially with credit demand figures this morning.

Local equity markets have run very hard, especially among the banks, financials, industrials and retailers since the start of the year. These stocks have been overbought and market players were today banking some profits. The JSE is off its worst levels, so there is support for the market.

We had a dip initially but those are not that much of a concern, we'll see some volatility and profit-taking but I think the trend is still rising.

Despite the strong rand the JSE remained strong, which showed that there was a lot of positive sentiment.