Daily Highlights
Markets ended higher on Friday buoyed by improved global sentiment

Global markets ended the week on a cautiously positive note, with investors balancing improving risk sentiment against lingering concerns around global growth, interest rate trajectories and earnings momentum.
South African equities closed higher, supported by strength in resource stocks and firmer commodity prices. The JSE All Share Index advanced as higher precious metal prices lifted mining counters, while gains in select industrial and financial stocks added to overall momentum. The rand traded relatively stable against the US dollar, offering additional support to local assets. Investor sentiment remained underpinned by expectations that domestic inflation pressures would moderate, keeping the SARB’s policy stance in focus ahead of upcoming economic data.
In the US, equity markets finished modestly higher as investors digested earnings updates and signs of easing macroeconomic uncertainty. The S&P 500 and Dow Jones posted steady gains, while the Nasdaq outperformed slightly on renewed interest in large-cap technology stocks. Market participants appeared more constructive as fears around aggressive monetary tightening and geopolitical disruptions eased, although caution remains ahead of key inflation and labour market data. Bond yields were relatively stable, helping to support equity valuations.
European markets ended the session mostly higher, recovering from earlier weakness. Germany’s DAX and France’s CAC 40 led gains, buoyed by improved risk appetite and stronger-than-expected business activity. The UK’s FTSE 100 traded slightly firmer, supported by gains in energy and mining stocks. Investors continued to assess the outlook for growth in the Eurozone, with attention on inflation trends and the European Central Bank’s policy path.
In Asia, Japan’s Nikkei 225 closed higher following the Bank of Japan’s decision to maintain its accommodative stance. The move reassured investors that monetary conditions would remain supportive, lifting sentiment in export-oriented and industrial stocks. Meanwhile, in Hong Kong, the Hang Seng Index posted modest gains as buying interest returned to select technology and property shares. Improved regional sentiment and stabilising Chinese economic signals helped support the broader market.
| Date | Index | Current Level | 1 Day Move | 1 Month Move | 6 Month Move | 1 Year Move | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Date | 2026-10-16T00:00:00 | IndexALSI | Current Level110171.85 | 1 Day Move1.53 | 1 Month Move-2.48 | 6 Month Move-5.67 | 1 Year Move2.70 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 2026-10-16T00:00:00 | IndexBasic minerals | Current Level83334.20 | 1 Day Move1.90 | 1 Month Move-7.20 | 6 Month Move-11.60 | 1 Year Move7.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 2026-10-16T00:00:00 | IndexFin + Ind 30 | Current Level12995.47 | 1 Day Move1.38 | 1 Month Move-0.01 | 6 Month Move-2.42 | 1 Year Move0.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 2026-10-16T00:00:00 | IndexFinancial | Current Level61900.99 | 1 Day Move1.49 | 1 Month Move-0.92 | 6 Month Move0.74 | 1 Year Move17.47 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 2026-10-16T00:00:00 | IndexIndustrial index | Current Level129695.65 | 1 Day Move1.27 | 1 Month Move0.56 | 6 Month Move-5.80 | 1 Year Move-12.73 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||

Fundamental Research
Glencore plc

Fundamental Research
Woolworths Holdings Limited

Fundamental Research
Growthpoint Properties Limited
House View Equity Portfolios
| Morningstar Category | Fund fact sheet | Reg 28 compliant | Available for TFIP* investment | Only available via PSG Advisers |
|---|---|---|---|---|
| PSG Wealth House View SA Equity Portfolio | – | – | ||
| PSG Wealth House View Offshore Equity Portfolio | – | – | ||
| PSG Wealth House View Income Growth Equity Portfolio | – | – | ||
| PSG Wealth House View SA Property Portfolio | – | – |
PSG Wealth equity portfolio performance are shown gross of management fees, but net of brokerage and other trading costs.
The House view portfolios are bespoke solution portfolios and not part of the Collective Investment Schemes’ portfolios.
Corporate Actions
| Date | Company | Share Code | Expectation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Date | 21 October 2026 | CompanyALPHAMIN RESOURCES CORP | Share CodeAPH | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 21 October 2026 | CompanyBOWCALF | Share CodeBCF | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 21 October 2026 | CompanyCAPITECH BANK HLDGS | Share CodeCPI | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 21 October 2026 | CompanyHERIOT REIT LIMITED | Share CodeHET | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 21 October 2026 | CompanyMUSTEK | Share CodeMST | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 21 October 2026 | CompanyREMGRO LTD | Share CodeREM | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 21 October 2026 | CompanyREMGRO LTD | Share CodeREM | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 21 October 2026 | CompanyRWGDVPROP | Share CodeRWDVF | ExpectationCONV | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 21 October 2026 | CompanyTEXTON PROPERTY FUND | Share CodeTEX | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 21 October 2026 | CompanyWBHO | Share CodeWBO | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 16 October 2026 | CompanyIB ELVIIE | Share CodeELVIIE | ExpectationRedemption | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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