6 ordspråk av Warren Hammond
Warren Hammond
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Initially we were down on negative earnings news from the US, but resource stocks led a rebound, industrials and banks are still under pressure.
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Oil has continued to firm. That's bullish for the two stocks, which were also helped to a certain extent by the slightly weaker rand.
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All in all, it's a big plethora of positive resource info, that's what really driving our market.
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Positive resource info [is] really driving our market.
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Those consumer-oriented stocks gained quite aggressively yesterday after the January retail sales data, which was a pretty good number, so we saw a bit of profit taking today.
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Their results were pretty much in line, and after the shares hit life-time highs, people are cashing in after the results.
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