South African News: The All-Share Index closed up 0.5% - reaching a new all-time high. Financials were the strongest for the day increasing by 1.4%, whereas Industrials ended 0.4% higher and Resources closed the day unchanged. On the economic front, New Vehicle Sales declined 10.7% year-over-year in April, mainly due to a constrained consumer and the high number of public holidays. In trading this morning, the All-Share Index is 0.10% stronger and the rand is trading at R10.46 to the US Dollar. On the data front, we will be watching the US ISM Non - Manufacturing PMI, South African Unemployment Rate and Kagiso Manufacturing PMI numbers.
Posted on: Mon, 05 May 2014 10:28:07 +0000
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