Massmart Holdings Limited (MSM)
- Massmart released a sales update for the year to 31 December 2017. Total sales for the 2017 52-week period of R92.1 billion represents growth of 1.0%, with comparable store sales declining by 0.8%. Product inflation is estimated at 2%.
Truworths International Limited (TRU)
- Truworths released a trading update for the 26-week period ending 31 December 2017. Like-for-like retail sales decreased by 3%, while product deflation averaged 2%.
Mr Price Group (MRP)
- Mr Price release a trading update for the 13 weeks ended 30 December 2017. Corporate-owned and franchise stores generated sales of R6.6bn, an increase of 8.3%. Further momentum in sales growth has been gained for the two-week period from 31 December 2017 to 13 January 2018.
- ZAR/USD : 12.32
- ZAR/GBP : 17.03
- ZAR/EUR : 15.02
JSE Top 40 Moves
Dischem Pharmacies Ltd. (DCP)
Dischem moved 0.15% lower yesterday to close at R34.15. The share is now trading at oversold levels according to the oscillator. The 50-day moving average at R34.83 could act as a short term resistance level. Horizontal support can be found at R34.11.