The JSE soared more than 3% on Friday as optimism about recoveries in the US and European economies boosted equity markets across the globe. The main indices in the US rose 1.2% to 1.7%, while the UK's FTSE 100 added 1%. At home, resource stock led the charge, with the Resi 10 jumping 5% as shares including Glencore, Anglo American and African Rainbow Minerals all gained more than 6%. The industrial and financial indices both added more than 2%. Invicta was among the smaller stocks that did well after it cautioned shareholders that it was in talks regarding its Kian Ann subsidiary in Singapore, which it said could have a material effect on its share price. Grand Parade also ended higher despite posting a first-half loss due to the impact of Covid-19 on its casino investments. Read on for more on those stories, as well as results from Eastern Platinum and Queenspark owner Rex Trueform, and an update from Advanced Health ahead of its rights issue this week. In Episode 18 of the Magic Markets podcast, The Finance Ghost and Mohammed Nalla (Moe-Knows) have a frank discussion around their different investment techniques and what does/doesn't work for them. Follow this link to hear them share real-world experiences in the hope of helping listeners make better decisions with their portfolios. Finally, Chris Gilmour rounds things off with a review of the news that drove market activity last week and a look at what lies in store for investors in The Week Ahead. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics Ingham Analytics has issued their second note on GameStop this week, a share trading sensation. The first note was entitled "Is GameStop a bathtub drain?" and issued just ahead of the Q4 and full year results whilst "Is this true insanity?" assesses the actual result and latest share statistics. If you're a market high roller this is a must read. Also check out Andrew Kinsey's "Are more treasuries gonna get shaken loose?" |