Stock picks — Growthpoint and PPC

Alex Duys from Umthombo Wealth chose Growthpoint as his stock pick of the day and Nesan Nair from Sasfin Securities chose PPC.

Duys said: " Growthpoint is one of the ones that has optionality and one of those of course is selling assets, paying out debt which will mean that you could get, theoretically, a relatively lower risk investment here with a high upside."

Nair said​: "I'm going with PPC, I don't think you can ignore the huge rally in the share price that we've seen and then with Cashbuild's results today as well, people are spending a lot of money on home improvement and they must be buying the cement from somewhere. So I suppose you one has to take the likes of PPC, ArcelorMittal at some point in time, as shares that are offering value."