Morning Note – 29 January 2018

29 January 2018

SENS Summary

Resilient Reit Limited (RES)

Resilient published their unaudited interim financial statements for the six months ended 31 December 2017. Their dividend per share increased by 13.4% (306.46 cents per share), NAV increased by 25.18% to R105.35, their net rental and related revenue increased by 14.85% and basic EPS increased to 2 153.18 cents (December 2016: 234.87 cents).

MTN Group Limited (MTN)

MTN released a trading statement for the year ended 31 December 2017. They expect to report an improvement of at least 20% in both their HEPS and EPS.

Current Forex

ZAR/USD : 11.89
ZAR/GBP : 16.81
ZAR/EUR : 14.77

JSE Top 40 Moves

Compagnie Financiere Richemont SA (CFR)

Richemont closed 60 basis points higher to close the week at R112.44. The share is now trading below the 200-day moving average at R115.21. Should the bearish momentum continue a test of horizontal support at R109.58 followed, by R102.78 can be tested. The share is trading close to oversold levels according to the oscillator.