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Port Elizabeth - The new year might start on a less festive note for the JSE, with most analysts and market commentators predicting a rather lacklustre year after strong gains made in 2013.
The week that was
Shares had a jolly time during the week of Christmas festivities and major indices ended Friday within spitting distance of their recent record highs. The Top-40 index gained around 2% on Friday alone as most shares continued the stronger trend of the last week or so.
Commodity shares and large capitalisation international companies increased solidly - be it on low volumes - as world-wide markets ended the week and the last year on a positive note.
BHPBilliton [JSE:BIL], AngloGold Ashanti [JSE:ANG], SABMiller [JSE:SAB] and Richemont [JSE:RCH] are just a few examples of shares that were in high demand.
Adcock Ingram [JSE:AIP] continues to attract attention with the news that Foord Asset Management has quietly been enlarging its stake in the company as well.
The asset manager now has an interest of 15% in Adcock, which means that it has an important voice when it comes to deciding whether Bidvest or the Chilean CPR Pharmaceutical will be able to get a controlling stake in Adcock.
Another interesting development is the news that the investment company Blackstar Group, listed on the London Stock exchange's AIM and focussed on investments in Africa, has recently acquired more shares in Times Media Limited [JSE:TML] to brings its interest in one of SA's prominant media groups to 25,05%.
Times Media publishes, amongst others, the Sunday Times and Financial Mail, and owns interest in several electronic financial data providers.
The week ahead
Preliminary reports suggest that retailers did not fare as well as last year during the mad holiday spending spree and the petrol price in going up yet again at midnight on Tuesday, which will put people's spending under renewed pressure.
The new year might start on a less festive note for the JSE.
In fact, most analysts and market commentators are predicting a rather lacklustre year for the market after the strong gains in 2013.
During the last bit of 2013 and the first few days of 2014 - also known as next week - there is very little economic of company news to push the market into any direction. International markets are also quiet and things will only getting started next week.
In the next year, lots of fun can be expected from banks, retailers and media companies. The latter seems to be set for some changes.
- Fin24
*After chasing money on the JSE for 15 years, Adriaan Kruger is now living a relaxed lifestyle in Wilderness and lectures economics part-time at NMMU.
The week that was
Shares had a jolly time during the week of Christmas festivities and major indices ended Friday within spitting distance of their recent record highs. The Top-40 index gained around 2% on Friday alone as most shares continued the stronger trend of the last week or so.
Commodity shares and large capitalisation international companies increased solidly - be it on low volumes - as world-wide markets ended the week and the last year on a positive note.
BHPBilliton [JSE:BIL], AngloGold Ashanti [JSE:ANG], SABMiller [JSE:SAB] and Richemont [JSE:RCH] are just a few examples of shares that were in high demand.
Adcock Ingram [JSE:AIP] continues to attract attention with the news that Foord Asset Management has quietly been enlarging its stake in the company as well.
The asset manager now has an interest of 15% in Adcock, which means that it has an important voice when it comes to deciding whether Bidvest or the Chilean CPR Pharmaceutical will be able to get a controlling stake in Adcock.
Another interesting development is the news that the investment company Blackstar Group, listed on the London Stock exchange's AIM and focussed on investments in Africa, has recently acquired more shares in Times Media Limited [JSE:TML] to brings its interest in one of SA's prominant media groups to 25,05%.
Times Media publishes, amongst others, the Sunday Times and Financial Mail, and owns interest in several electronic financial data providers.
The week ahead
Preliminary reports suggest that retailers did not fare as well as last year during the mad holiday spending spree and the petrol price in going up yet again at midnight on Tuesday, which will put people's spending under renewed pressure.
The new year might start on a less festive note for the JSE.
In fact, most analysts and market commentators are predicting a rather lacklustre year for the market after the strong gains in 2013.
During the last bit of 2013 and the first few days of 2014 - also known as next week - there is very little economic of company news to push the market into any direction. International markets are also quiet and things will only getting started next week.
In the next year, lots of fun can be expected from banks, retailers and media companies. The latter seems to be set for some changes.
- Fin24
*After chasing money on the JSE for 15 years, Adriaan Kruger is now living a relaxed lifestyle in Wilderness and lectures economics part-time at NMMU.
