Breakfast Bite – 29 Nov 2018

Market moving events :

Our market was nicely stronger yesterday. The increase would have been better but Viceroy brought out another “report” implicating the property stock NEPI Rockcastle in irregularities in financial reporting and possible fraud. This hit the share price of the specific stock and the sector as a whole. The US market was strongly up on a statement from the US Federal Reserve Chairman that the US economy was in good shape and that the Federal Reserve might pause in its interest rate hikes next year.

 

Positive Pointer :

Our ladies soccer team, Banyana Banyana , have qualified for the the World Cup.