The JSE Top 40 ended firmer on Monday, up by 0.76%, the Resources 10 sector went up by 2.33%, the Financial 15 went up by 0.22%, and the Industrial 25 went up by 0.17%. The rand traded at R18.13 against the dollar, R21.81 against the pound, and R19.35 against the euro. The country is waiting with bated breath for the budget speech that will be delivered by the Minister of Finance, Mr. Enoch Godongwana on Wednesday the 22 of February 2023.
In company specific news, yesterday, after the release of the company’s annual results, Anglo American Platinum's share price dropped to a multi-year low. The results showed that the company had a decrease of 24% in revenue for the period and both headline earnings and basic earnings per share were down by 38%.
Anglo American Platinum Historical Share Price Chart (Source: ThinkTrader Web)
This morning a plethora of companies released results such as Kumba Iron Ore, Adcock Ingram, Sasol, Motus, and Supergroup.
Market Moves (20 February 2023)
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