Archive for May 30th, 2008

Daily Archive
Friday, May 30th, 2008

SA Inflation – another shock

By Kevin Lings
In April 2008, headline CPI inflation rose by a very substantial 1.8% m/m, with the annual rate rising to 11.1% y/y from 10.6% y/y in March. This was much higher than market expectations of a rise to 10.8%. CPIX inflation also rose by a significant 1.6% m/m in April, with the annual rate […]

No Comments » - Posted in South Africa by Prieur du Plessis
Friday, May 30th, 2008

Financials offer good value compared to resources

Investors have been surprised by the FTSE/JSE All Share Index’s strong rally of 24,9% since the market’s low on 23 January 2008. What is even more surprising is the large difference in the improvement of the major sub-indices. Resources companies have rallied by an incredible 44,8% on the back of only a few shares, followed […]

No Comments » - Posted in South Africa by Prieur du Plessis
Friday, May 30th, 2008

Pictures du Jour: Banks to indicate direction for stock market

The big question investors are grappling with at this stage is whether the rise in prices has simply been a bear market rally, or whether we are back in a primary bull market. This post alerts one to the factors at play regarding the performance of banking stocks – factors beginning to point to the possible initial stages of the long-term bottoming-out of the relative performance of banking stocks and, ultimately, to better prospects for stock markets as a whole.

5 Comments » - Posted in Money, Markets, Investment by Prieur du Plessis