Morning Note

Morning Note – 25 July 2018

SENS Summary

Coronation Fund Managers Limited (CML)

Coronation advised shareholders that the Group’s total assets under management as at 30 June 2018 were R602 billion (2017: 579 billion).

Hammerson Plc (HMN)

Hammerson released their interim results for the half year ended 30 June 2018. Adjusted earnings per share remained unchanged at 15.1 pence per share. On a like-for-like basis, net rental income decreased by 0.1% in the first six months of the year.

Reinet Investments S.C.A (RNI)

Reinet released a management statement for the first quarter ended 30 June 2018. The net asset value of the group decreased by 5.3% from €5 127 million in March to €4 857 million.

Current Forex

  • ZAR/USD : 13.52
  • ZAR/GBP : 17.48
  • ZAR/EUR : 15.52

Top 40 Moves

Telkom SA SOC Ltd (TKG)

In the previous week Telkom’s 50-day moving average crossed below its 200-day moving average which is seen as a bearish signal. Yesterday its share price decreased by 1.84% to close the day at R47.07. If the share price continues decreasing it could test support at R44.40. On the upside, if the share price should cross above these moving averages it could test further resistance at R57.89.

 

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