South African Markets - Factors to watch on Feb. 18

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on Feb. 18
Credit: © Reuters.

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.

ECONOMIC EVENTS

- No major events.

COMPANIES

- Half Year 2021 OneLogix Group Ltd OLGJ.J Earnings Release.

- Half Year 2021 Truworths International Ltd TRUJ.J Earnings Release.

- Full Year 2020 Sibanye Stillwater Ltd SSWJ.J Earnings Release.

SOUTH AFRICAN MARKETS

South Africa's rand weakened on Wednesday, extending losses for a second day, as global risk demand diminished and some investors took profits on the local currency's recent rally.

The benchmark all-share index .JALSH dropped 0.17% at day's close to 67,110 points and the blue-chip top-40 companies index .JTOPI slipped a tad 0.06% to end at 61,738 points.

GLOBAL MARKETS

Chinese shares rose on Thursday during the first trading session after the week-long Lunar New Year holiday amid renewed optimism for an acceleration in global growth, but other Asian markets were hit by profit-taking.

WALL STREET

The Nasdaq closed lower while the S&P 500 was little changed on Wednesday as investors rotated out of technology shares and concerns about inflation added some pressure on stocks.

GOLD

Gold prices on Thursday clawed back from a 2-1/2-month low marked in the previous session, as U.S. Treasury yields retreated, lifting the non-yielding bullion's appeal.

Some of the main stories out in the South African press:

BUSINESS DAY

- Defence minister claims not knowing unregistered Cuban drug could not be imported.

- Retail had its worst year on record.

BUSINESS REPORT

- An alliance of non-governmental organisations has called on the government to increase the health promotion levy to 20 percent to help South Africa pay for Covid-19 vaccines.

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