Morning Note

Morning Note – 27 September 2018

SENS Summary

Capitec Bank Holdings Limited (CPI)

Capitec released their interim results for the 6 months ended 31 August 2018. Net income rose by 13%, headline earnings per share increased by 20% and the group declared an interim dividend of 630 cents per share (2017: 525 cents per share).

Adcorp Holdings Limited (ADR)  

Adcorp released a trading statement for the half year ended 31 August 2018.Headline earnings per share is expected to between 82 and 100 cents per share compared to a basic loss of 120.7 cents for the comparative period.

Current Forex

  • ZAR/USD : 14.22
  • ZAR/GBP : 18.67
  • ZAR/EUR : 16.64

Top 40 Moves

Tiger Brands LTD (TBS)

Tiger Brands gained 1.57% yesterday to close the day at R273.5 a share. Horizontal support can be found the intra-day low it made on the 25th of September of R261.84. The 50-day moving average at R306 could act as a short-term resistance level followed by the diagonal trendline at R307. Both the RSI and oscillator are trading at oversold levels.


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