Morning Note – 18 January 2018

 

18 January 2018

SENS Summary

 

 

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.

 

Current Forex

  • 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.

 

Contact us:

Schalk Louw

Portfolio Manager

 

  Tel: +27 21 202 2715

Schalk.Louw@psg.co.za

 

 Kobus Viljoen

 Investment Analyst

 

 Tel: +27 21 204 4074

Kobus.Viljoen@psg.co.za

 Pieter-Jan van Niekerk

 Equity Analyst & Trader

 

      Tel: +27 21 202 2716

   PJ.vanniekerk@psg.co.za

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