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Think Daily 5 December 2022

Lesego Mthombothi Lesego Mthombothi 05/12/2022
Think Daily 5 December 2022 Think Daily 5 December 2022
Think Daily 5 December 2022 Lesego Mthombothi
The JSE closed weaker last week Friday amid mixed global markets as the markets digested the higher-than-expected US jobs report. The US economy added 263k jobs in November, higher than market forecasts for a 200K increase and following an upwardly revised 284K additions in October, while the unemployment rate remained stable at 3.7%. On Friday, the Top 40 closed the day down 0.92% and the Resources 10 sector went down by 2.59%. The Financial 15 went up by 0.81%, banks increased by 1.38% after falling by more than 8% in the previous session. The Industrial 25 went down by 0.62% and lastly, the South African Listed Property index was down 0.82%. The rand last traded at R17.50 against the Dollar, R21.49 against the Pound, and R18.42 against the Euro. 

Thungela’s share price breached the R300 per share mark again last week. In the last 10 days, the share is up 16%, down 0.25% in the last 5 days and is down 6.03% in the last two days. 



Figure 1:  Thungela Resources Intraday Share Price Chart (Source: ThinkTrader Web)

Brent Crude oil is trading at $85.76 a barrel and WTI Crude oil is trading at $80.28 a barrel. Gold is currently trading at $1805.37. Platinum is now trading at $1018.40 and lastly, Palladium is at $1917.31. On the oil front, OPEC+ decided to stick to their existing policy of reducing oil output by 2 million barrels a day from November through 2023. The European Union is set to ban most seaborne Russian oil imports from today, while the G7 agreed to impose a cap of $60 per barrel on Russian crude.

The S&P 500 closed the day down 0.12%, the Dow Jones closed the day up 0.1% and the Nasdaq had a 0.4% drop. The FTSE 100 was down 0.03%, the DAX was up 0.27% and CAC40 was down 0.17%. In the Asian markets, the Nikkei 225 is currently up 0.15% and the Hang Seng is currently up 3.74%. 

SA Corporate Diary 
 
Company Last day to trade  EX Date  Pay Date 
Afine Investments 6/12/2022 7/12/2022 12/12/2022
Balwin Prop 6/12/2022 7/12/2022 12/12/2022
Caxton & CTP  6/12/2022 7/12/2022 12/12/2022
Coronation 6/12/2022 7/12/2022 12/12/2022
Dipula Income Fund 6/12/2022 7/12/2022 12/12/2022
Famous Brands 6/12/2022 7/12/2022 12/12/2022
ISA Holdings 6/12/2022 7/12/2022 12/12/2022
Life Healthcare  6/12/2022 7/12/2022 12/12/2022
Spar 6/12/2022 7/12/2022 12/12/2022
Tradehold  6/12/2022 7/12/2022 12/12/2022

 
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

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Meet our contributors
Carl Capolingua
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Carl Capolingua
Market Analyst, Melbourne

Carl has over 20 years' experience in financial markets and has held senior analyst roles at a number of financial institutions. Specialising in Australian and US stock markets in particular, Carl uses a top-down approach to assess the global macro picture before using both technical and fundamental techniques to select stocks. He regularly appears as an expert commentator on a number of media outlets throughout the Asia-Pacific region.
 
 
 

Lesego
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Lesego Mthombothi
Market Research Analyst, South Africa

Lesego Mthombothi is an experienced market research analyst and investment professional who proudly holds an honours degree in investment management and completed her CFA level 1.
 
 
 

Mahmoud Alkudsi
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Mahmoud Alkudsi
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Mahmoud is a market analyst, with over a decade of experience in financial markets. He follows main market movers and tracks their effect on the price chart. Mahmoud mixes technical and fundamental tools with a deeper focus on the technical side, and with his wide experience in providing educational and guidance materials to all levels of traders, he helps them in making informed trading decisions. Before joining ThinkMarkets, Mahmoud was head of market research departments in different reputed financial companies, where he provided market analysis for a variety of asset classes, including FX, equities, indices, and commodity futures. As an experienced market commentator, he was hosted by too many print and broadcast media, including not limited to Sky News Arabia, France 24, Alarabyia, Alsharq-Bloomberg, and CNBC Alarabyia to discuss key risk events their clear impact on the price action. Mahmoud holds a Master of Business Administration (MBA) from Cardiff Metropolitan University of Wales, UK, and speaks Arabic, English, and Spanish.

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Shawn Lee
Market Analyst, Malaysia

Shawn Lee has over eight years of experience in the financial market as a market analyst. Shawn provides market key insights and trade ideas through the market and technical analysis. He also held trader roles and guided traders in maximising one’s trading success.

Carl Capolingua
Carl Capolingua
Carl has over 20 years' experience in financial markets and has held senior analyst roles at a number of financial institutions.
Lesego
Lesego Mthombothi
Lesego Mthombothi is an experienced market research analyst and investment professional who proudly holds an honours degree in investment management and completed her CFA level 1.
Mahmoud Alkudsi
Mahmoud Alkudsi
Mahmoud is a market analyst with over a decade of experience in financial markets. Mahmoud mixes technical and fundamental tools with a deeper focus on the technical side, and has experience in providing guidance to all levels of traders.
Shawn
Shawn Lee
Shawn Lee has over eight years of experience in the financial market as a market analyst. Shawn provides market key insights and trade ideas through the market and technical analysis. He also held trader roles and guided traders in maximising one’s trading success.
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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