Aug. 24, 2020
/ 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
/ 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.