Morning Note – 1 February 2018

 

1 February 2018

SENS Summary

 

Ascendis Health Ltd (ASC)

  • Ascendis released a voluntary trading statement for the six months ended 31 December 2017. Headline earnings and earnings per share are expected to be more than 20% higher.

 

Capitec Bank Holdings Ltd (CPI)

  • S&P said that its rating on Capitec Bank is not affected by the research report published by Viceroy Research.

 

Barloworld Ltd (BAW)

  • Barloworld released a trading update for the first quarter of the 2018 financial year. The group produced a substantially better result, benefitting from the implementation of management’s strategic objectives.

 

Current Forex

  • ZAR/USD : 11.89
  • ZAR/GBP : 16.86
  • ZAR/EUR : 14.76

 

JSE Top 40 Moves

Vodacom Group Ltd (VOD)

 

Vodacom gained 5.25% yesterday to close at R163.19 after releasing a trading statement which showed an increase in their group revenue. Vodacom’s share price also closed yesterday above its 200-day moving average which could lead to further upside, finding resistance at R168.81 followed by R177.10. On the downside, the stock could find support at R156.00 followed by R145.73 (50-day moving average).

 

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

Leave a Reply