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


 Kobus Viljoen

 Investment Analyst


 Tel: +27 21 204 4074

 Pieter-Jan van Niekerk

 Equity Analyst & Trader


      Tel: +27 21 202 2716

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