Morning Note – 2 October 2018

SENS Summary

Zeder Investments Limited (ZED)

Zeder published a trading statement for the six-month period ended 31 August 2018.Headline earnings per share is expected to be between 29.9 cents and 30.7 cents per share, or between 595% and 614% higher than the 4.3 cents reported in the prior period. The Group’s sum of the part value as at 27 September 2018 was R6.20 per share.

JSE Limited (JSE)  

Neuberger Berman Investment Advisors LLC has increased their stake in the JSE Limited to 5% of the securities in issue.

Omnia Holdings Limited (OMN)  

Global Credit Ratings Agency (CGR) affirmed the national scale debt rating for Omnia of A- and A1- in the long term and short term, respectively.

Alexander Forbes Holdings Limited (AFH)  

Mr. DJ De Villiers has been appointed as CEO with effect from 1 November 2018.

Current Forex

  • ZAR/USD : 14.29
  • ZAR/GBP : 18.61
  • ZAR/EUR : 16.51

Top 40 Moves

Mediclinic International PLC (MEI)

Mediclinic moved 0.33% higher yesterday to close at R79.83. The share is trading at extreme oversold levels according to the RSI and stochastic oscillator. The 50-day moving average at R89.42 could act as a short term resistance. The intra-day low of R77.80 on the 28th of September could provide some support.


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