News driving the markets and stock update

 News driving the markets and stock update

News driving the markets and stock update.

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Plummets in global car sales

During the past few weeks, results released from leading car manufacturers such as BMW and Volkswagen showed how car manufacturers around the world took a punch to the chin during 2020 with consumers cutting back on spending, especially spending on luxury items such as vehicles.

Employment figures showing slow recovery

Total employment in South Africa shows an increase of 76 000 during the fourth quarter of 2020 from 9.56 million during the third quarter, to 9.64 million by the end of December. However, even though this shows some hope, figures are still well below the 10.23 million jobs which were recorded by the formal business sector in December 2019.

Best Midday Stocks

1. Steinhoff International Holdings N.V (JSE:SNH)

SNH stocks opened on 228.00 ZAR above a previous close of 226.00 ZAR and currently show a price movement of +R7.00/+3.10% to R233.00. SNH stocks currently show a HOLD- consensus forecast.

2. Barloworld Ltd (JSE:BAW)

BAW stocks opened on 90.00 ZAR above a previous close of 89.69 ZAR and currently show a price movement of +R2.38/+2.65% to R92.07. BAW stocks currently show a HOLD consensus forecast.

3. AECI Ltd (JSE:AFE)

AFE stocks opened on 104.96 ZAR below a previous close of 105.09 ZAR and currently show a price movement of +R0.23/+0.22% to R105.32. AFE stocks currently show a HOLD consensus forecast.

4. Resilient REIT Ltd (JSE:RES)

RES stocks opened on 44.09 ZAR below a previous close of 44.59 ZAR and currently show a price movement of +R0.32/+0.72% to R44.91. RES stocks currently show a HOLD+ consensus forecast.

5. Super Group Ltd (JSE:SPG)

SPG stocks opened on 30.06 ZAR above a previous close of 29.68 ZAR and currently show a price movement of +R0.58/+1.95% to R30.26. SPG stocks currently show a BUY consensus forecast.

Liezel Thorne

Liezel is a content writer with a passion for writing about the financial industry and corresponding markets. Her favorite topics include Forex, Stocks and Indices, Cryptocurrencies, and anything relating to trading technology – news, newest and latest tips, tricks, and trends. She has done extensive reviews on brokers, trading platforms (web, desktop, and mobile), and various other concepts involved with trading. As a student of Environmental management, she has a keen interest in geography, environmentalism as well as conservation of both fauna and flora.

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