EPISODE · Jul 5, 2021 · 56 MIN
Market review 05 July 2021
from WorldWide Markets with Simon Brown · host www.JustOneLap.com
Offshore / US The unemployment rate edged up to 5.9% in June / US home prices rose by 14.6% in April, the largest gain in 30 year / S&P 500 closes green 7 days in a row, record is 8 days (US markets closed Monday) / RobinHood proposed listing ~ $40bn valuation / Didi Chuxing lists on NYSE, market cap $69bn & Chinese regulator blocks new accounts Local / Modest Q2 for JSE, TOP0 -1.2% (+11% YTD), Fini15 +6.8% in Q2 / SARB turned 100 last Wednesday / May saw another +R50billion trade surplus tax receipts / Invicta results / AdaptIT shareholders vote for 700c Volaris delisting offer / Etion results. The story is they selling LAWTrust business for R245million when the market cap of the entire company is R22million. CEO says plans to return value and delist
What this episode covers
Offshore / US The unemployment rate edged up to 5.9% in June / US home prices rose by 14.6% in April, the largest gain in 30 year / S&P 500 closes green 7 days in a row, record is 8 days (US markets closed Monday) / RobinHood proposed listing ~ $40bn valuation / Didi Chuxing lists on NYSE, market cap $69bn & Chinese regulator blocks new accounts Local / Modest Q2 for JSE, TOP0 -1.2% (+11% YTD), Fini15 +6.8% in Q2 / SARB turned 100 last Wednesday / May saw another +R50billion trade surplus tax receipts / Invicta results / AdaptIT shareholders vote for 700c Volaris delisting offer / Etion results. The story is they selling LAWTrust business for R245million when the market cap of the entire company is R22million. CEO says plans to return value and delist
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Market review 05 July 2021
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