Market Wrap - Stock Pick - Standard Bank Group

Graeme Franck from PSG Wealth Sandton chose Standard Bank Group Ltd (SBK) as his stock pick of the day

"Standard Bank is down seven percent on the back of last week's load-shedding and worries of the economy so it is trading on PE of 9 times single digit and has a dividend yield of five to five and half percent (5,5%) and should we have a half decent election some of these SA Inc companies should do very well"