Maseru Securities Market

Market Status: Closed

Global Market Review

 

WEEKLY MARKET COMMENTARY: EQUITIES

06/05/2021


United States

  • US stocks were mixed on Thursday, with the Dow Jones Industrial Average coming off a record-high close. On the other hand, the S&P 500 hovered near record highs, with separate
    economic data highlighting a rebound in productivity as the pace
    of output exceeded a pickup in hours worked. The Dow Jones Industrial Average, S&P500 and NASDAQ composite opened at 34260.47, 4169.72 and 13536.81 respectively

  • Shares of Moderna and other vaccine makers were under pressure. Moderna shares dropped sharply after the vaccine maker's first-quarter revenue fell short of expectations. The stock, along with Pfizer and BioNTech, remained under pressure after the Biden administration on Wednesday announced support for waiving intellectual property protections for COVID-19 vaccines.

Europe

  • European markets mixed on Thursday, hovering near record levels, as strong earnings reports from AB Inbev and several eurozone banks added to an upbeat mood sparked by solid economic data this week. FTSE100, German DAX, French CAC 40 and Stoxx 600 were at 7056.66, 15131.97, 6338.63 and 439.77 respectively.

  • Economic data from Eurozone and the UK came out positive and supportive of the stock market.

South Africa

  • Major SA South African stocks were mixed but mostly higher with financials and allshare indexes rising while resources fell slightly. Some of the benchmark’s biggest listed companies led more than half of the market higher on a risk-on day. Heavyweights BHP Group Plc, Anglo American Plc, Richemont and Naspers Ltd. were the main contributors to the index’s
    strength. The allshare, resources and financials index closed at 67608.89, 40165.97 and 32091.8 respectively.

  • Foreigners were net sellers of South African equities Wednesday, disposing of 1.67 billion rand worth of shares, according to exchange operator JSE Ltd.

 Data source: Bloomberg

 

 

Market News

Global Market Review
06 May 2021 1100hrs
89th MPC Meeting Statement
24 May 2021 1500hrs
CoSSE Broker Networking Session
09 December 2016 0900hrs
Notices