Market Wrap - 21 January

The banks have had a good run since December but they are still showing some value. If pick them up at the right time during the volatility on a day where the market gets sold off a bit, you can look to pick up some FirstRands, Nedbank and Standard Bank Stocks. They were all trading on a ten or eleven PE at the end of last year and Absa went all the way down to about an eight PE but there was still some good value there.