JSE Direct with Simon Brown

Market Standard 24 August 2020

Aug. 24, 2020

Offshore
/ New highs for the S&P500 (and Nasdaq)
/ Between the market high on Feb. 19 and new high on Aug. 18, 38% of stocks in the index made gains while the remaining 62% posted losses

/ Apple hits US$2trillion and gets into a fight with Fortnight

/ Ryanair cuts September, October capacity by 20% on weak bookings

/ Japan’s economy shrank by nearly 28% in the second quarter & consumer spending declined 8.2% in the period

/ Gold struggling to hold onto $2,000

Local
/ Standard Bank kicks off banking earning season

/ Afrimat buys Coza iron ore for R300m

/ Tigerbrands sells value-added meat products business 7 HEPS 35%-40% lower.

/ Curro results & ADvTech update

/ PSG unbundles Capitec at close on Tuesday. 14 for every 100 PSG shares.

/ Goldfields HEPS up 4x as Nick Holland quits as CEO.

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