CALGRO: 1,000 +100 (+11.11%)
South African Markets - Factors to watch on May 14
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Monday.
- Vodacom says FY HEPS remained flat at 923 cents
- Astral Foods HY revenue 6.67 billion rand vs 5.79
- Balwin Properties says FY revenue fell 9 percent
to 2.5 billion rand.
- Calgro M3 Holdings FY headline earnings decreased
by 32.28 percent to 90.12 cents per share.
SOUTH AFRICAN MARKETS
South Africa's rand hit a three-week high against the dollar
on Friday as the greenback eased from its 2018 peak against a
basket of major currencies, while payment solutions provider Net
1 UEPS Technologies topped stock gainers.
Asian shares rose to near two-month highs on Monday on hopes
of a thaw in U.S.-China trade tensions, after U.S. President
Donald Trump pledged to help ZTE Corp "get back into business,
fast" after a U.S. ban crippled the Chinese technology
The S&P 500 rose on Friday, helped by healthcare stocks
after President Donald Trump blasted high drug prices but
avoided taking aggressive measures to cut them.
Gold prices rose on Monday on the back of a subdued dollar
as investors considered the prospects of fewer interest rate
hikes in the United States this year.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Coronation to take Steinhoff to court
- City Power takes on Eskom
- Inflation likely to inch up on surging oil prices and
(Compiled by Olivia Kumwenda-Mtambo)
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