Warren Hammond
Warren Hammond
driving positive resource
All in all, it's a big plethora of positive resource info, that's what really driving our market.
bullish certain continued extent helped oil slightly weaker
Oil has continued to firm. That's bullish for the two stocks, which were also helped to a certain extent by the slightly weaker rand.
banks earnings initially led negative news resource stocks
Initially we were down on negative earnings news from the US, but resource stocks led a rebound, industrials and banks are still under pressure.
hit people results shares
Their results were pretty much in line, and after the shares hit life-time highs, people are cashing in after the results.
bit gained good january profit quite retail sales saw stocks taking yesterday
Those consumer-oriented stocks gained quite aggressively yesterday after the January retail sales data, which was a pretty good number, so we saw a bit of profit taking today.