19 Quotes by Ferdi Heyneke
- Author Ferdi Heyneke
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That update and the one from PPC was a nice boost for domestic industrials.
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This correction was long overdue and we all expected that it will happen at some stage, but the (upward) trend will not change, the fundamentals are still the same.
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A lot of factors are positive for the sector, there's Christmas turnover, a stronger rand which means interest rates will remain as they are or even another cut as some people are suggesting.
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There's a broad-based recovery in this market after Monday's dip in line with American markets and helped by a weaker rand.
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The U.S market closed higher on Thursday and we are following that trend, but I think things will settle down in the new year.
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The JSE was lower today on profit taking and the pull back in markets overseas, especially the East. There is no change in the fundamentals.
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The JSE is strong again, but it will stay volatile for the foreseeable future. The Dow was steady overnight, while the gold price moved back to $530/oz. The market should pick up from next week as more people are at their desks.
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Impala is higher ahead of expected good results due in February, gains in other platinum stocks and the higher platinum price, coupled with the weaker rand.
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The fundamentals for these kind of stocks are very promising with the healthy economic growth prospects.
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