NMG Mercado Released [9 March 2015]

Local markets ended the week in positive territory, supported by industrials and banks. Better-than-expected US payroll data assisted in boosting stocks, however the data also pushed the rand to its lowest level since 2001. The rand fell to R12.10 against the US dollar, from R11.73 in earlier trade. The rand looks to decline even further, as the US moves towards monetary tightening. The All Share and Top 40 indices added 0.12% and 0.28% respectively for the day. Both platinum and gold shares tumbled at the close of last week, causing the resource index to fall by 0.9%. Markets are awaiting the release of Sasol’s interim results on Monday. South African bonds moved lower for the week.

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NMG Mercardo

Week 11 2015

Posted In: Blog