Market Watcher: Running out of steam

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Nick Kunze of Sanlam Private Wealth discusses the day's market developments, markets awaiting US and SA interest rate decisions, resources seeing weakness after a four-day winning streak, financial stocks playing defence, general market sentiment, and sectors he's liking at the moment.
18 Sep 2024 1PM English South Africa Business · News

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Markets: R18bn traded on a slow day

Nick Kunze of Sanlam Private Wealth said R18 billion was traded in local markets on a relatively quiet day, with Brent crude rising to about $109, the Nasdaq Composite hitting record highs, and the rand steady at around R16.40. He added that the US Fed is expected to keep interest…
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