Over the week ending 05 February 2016 we saw local markets carry on their positive form. The Local market was up 1.24% represented by the All Share Index. The benchmark Top 40, up 0.88% for the week, while returns for the year are now -2.93%.
South African economic outlook:
The stand out sector last week was once again the Gold Mining Sector up 16.907% for the week, with the Resource Sector also having a good week, represented by the Resource 20, up 7.598%. Majority of all sectors marginally down for the week. The Gold Mining Sector is now up 57.704% for the year.
Our best performing share over the past week was Sibanye Gold LTD, up 20.86%. EOH was our stand out underperforming share, 3.54% down for the week.
Emperor Asset Management’s RFS strategy, up 1.65% and SEHs strategy was up 0.47% over the past week, RFS outperforming and SEHs underperforming the benchmark, YTD figures stand at -2.34% and -4.49% respectively. The Emperor Asset Management IP Unit Trust YTD now stands at -4.85%. Our Sir John Ross Hedge Fund has had a bad start to the year and was down 2.33% over the past week.
Below is a summary of index returns as well as the best and worst performing shares for Emperor Asset Management:
Stand out Results for the Upcoming Week:
All of the Major Global Equity Markets were positive over the past week.
These are represented by the different regions as follows:
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