Market Wrap - Stock pick — Diego

Graeme Franck from PSG Wealth Sandton Grayston chose Diego as his stock pick of the day.

"I'm going for Diego, it's a top booze company internationally, it's trading on a PE of roughly 20 times. The high of the share price was 36 pounds and it's currently trading at about 28 and the reason we like it is it's quite defensive. I think as I mentioned that we're going to have a rocky road in markets over the next few months and you know you've got to be a little bit more defensive."