Market Wrap - Stock Pick — Old Mutual

Waldo Du Plesssis from Nitrogen Fund Managers chose Old Mutual as his stock pick of the day.

"I'm going to go with Old Mutual, I think it's still a quality business, I mean the stock is down around 17% from the announcement that Peter Moya was being investigated. I think it's overdone, it's a quality operation and at these levels of around R19,50 it looks rather cheap compared to its peers."