On Your Marks…

Daily Report

31 May 1999

Market Movements
Index   Last   Change
JSE Overall   6 483  +4
JSE Industrial   6 932   -17
JSE Financial   9 062   +75
JSE Gold   855   +25
Dow Industrial   10 559   +92
Nasdaq   2 470   +51
FTSE   6 226   +26
Nikkei   16 111   +138
Hang Seng   12 108   +48
Note: Nikkei and Hang Seng show today’s trade

 

Other Indicators
Indicator   Last   Change
Rand/Dollar   R6,24   +0,02
Gold Price   $268,60   -0,35
Repo Rate   15,464   Unchanged

 

 

Company News

  • Wiphold     The investment group reported a 23% return on equity. The net asset value per share is R7-00.
  • Spur Steak Ranches      For the six months to February, headline earnings per share was up 8% to 123c. Turnover was up 17%.
  • Kingco     The company reported a R2m attributable loss for the year to February.

 

 

General News

  • Motor Industry      Over the next few years car makers will cut back on the number of models produced.

 

Market Outlook

This should be an interesting week. The focus will be on the elections, to be held on Wednesday. If all goes smoothly and without any surprises, the market will show its approval.

 

Compiled by Uri Marks

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