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Think Daily 18 October 2021

Lesego Mthombothi Lesego Mthombothi 19/10/2021
Think Daily 18 October 2021 Think Daily 18 October 2021
Think Daily 18 October 2021 Lesego Mthombothi

In Friday’s trading session in the local markets, the Top 40 closed the day up by 1.47%. The Resources 10 sector went up by 2.5%, the Financial 15 went down by 0.48%, the Industrial 25 went up by 1.31% and lastly the South African Listed Property index down by 0.74%. The Rand traded at R14.63 against the United States Dollar, R20.12 against the Great British pound, and R16.96 against the Euro. Early in the morning, Dis-chem Pharmacies reported a trading report and a voluntary announcement relating to the Kaelo acquisition. In respect of the six months ended 31 August 2021, the Company is 

expecting an increase of between 32.6% and 37.6% compared to the published EPS and HEPS number for the six months ended 31 August 2020. Furthermore, Dis-Chem is pleased with the approval of the 25% acquisition of Kaelo Holdings by the Competition Tribunal.  

On the commodities front, the Brent Crude oil is trading at $85.78 a barrel and WTI Crude oil is traded at $82.88 a barrel. Gold Spot price is currently trading at $1764.06; Platinum Spot is now trading at $1060 and lastly, Palladium Spot price is at $2076.50. The oil prices continue to rally, with WTI crude oil and Brent crude oil reaches a price level last seen in October 2014.  

Across the globe, the S&P 500 closed the day up 0.75%, Dow Jones closed up 1.09% and the Nasdaq had a 0.63% climb. The FTSE 100 closed up 0.37% and the DAX was up 0.81% and CAC40 was up 0.63%. In the Asian markets, the Nikkei 225 is down 0.15% and the Hang Seng is also currently down 0.58%. This week, the earnings reports are what investors will be looking forward to with big names such as Netflix, Tesla, AT&T ASML and Intel are expected to release results. 

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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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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