Sanlam Private Wealth Morning Digest 21 January 2020

Local Markets

Local markets started the week off on the back-foot, weighed down by a drop in financials and industrials. As a result, the JSE All Share lost 0.26% to settle at 58,850.4 index points, compared to a 0.18% decline on the Top 40. The financial index featured among the worst performers, down 0.69%, while the listed property index also ended firmly lower. Meanwhile, the industrial index lost 0.57%, negatively impacted by a 3.26% drop in Richemont. In contrast, the gold mining index surged higher as it added 3.22% during the session, with Sibanye, Gold Fields and Harmony gaining 4.85%, 4% and 2.45% respectively.

American Markets

US markets remained closed for a public holiday on Monday.