Daily Highlights
Spot gold peaked at over $3 000.00 per ounce on Friday, marking a significant milestone in its price history

US stocks rallied sharply on Friday, recovering some ground after a turbulent week that saw the S&P 500 enter correction territory for the first time since 2023. The S&P 500 rose by 1.70 closing at 5 615.29%, the Nasdaq Composite surged by 2.11% with a close of 17 668.25, while the Dow Jones Industrial Average climbed 1.28 to close at 41 336.02%. However, despite these gains, both the S&P 500 and Nasdaq remain on track for their fourth consecutive week of losses, with the S&P down 10.1% from its record high just over three weeks ago. Concerns about President Donald Trump’s tariffs and their potential impact on inflation and economic growth have weighed heavily on investor sentiment, pushing markets into correction territory. Technology stocks led Friday’s recovery, with Nvidia and Meta Platforms rebounding after recent declines. Overall sentiment remains cautious, as fears of slowing economic growth persist.
European markets concluded the week on a positive note, with indices rising after reports indicated that German lawmakers were nearing an agreement to reform the country's "debt brake" rules. Friedrich Merz, Germany's likely next chancellor, reportedly secured crucial support from the Greens to increase public borrowing, facilitating a rise in defence spending. This led to a boost in investor confidence, with the pan-European Stoxx 600 index closing 1.14% higher. The German DAX performed particularly well, rising by 1.86%, while the UK's FTSE 100 ended the day at 8,632.33, marking a gain of 1.10%. Investor sentiment in Europe remains cautiously optimistic, buoyed by potential fiscal reforms and increased government spending.
In Asia, the Hang Seng Index saw a rise of 2.12%, closing at 23 981.11 and Japan's Nikkei 225 gained 263 points (0.72%), closing at 37,053,10. Investor sentiment in Asia is largely positive, driven by hopes for domestic stimulus and supportive monetary policy adjustments. Furthermore, investors were drawn to Asian markets as a stable alternative to the volatile US equities, seeking to mitigate risks amidst global economic uncertainties.
Commodities were led by gold, which made history by surpassing the $3 000 per ounce mark for the first time, marking a notable 3.30% weekly increase. This achievement underscores a substantial 14% rise since the onset of 2025, highlighting gold's status as a preferred safe-haven asset during periods of economic uncertainty. The surge in gold prices is largely driven by escalating trade tensions and investors' desire to diversify their portfolios amidst global economic instability. In the oil market, Brent crude futures rebounded by 0.89%, reaching $70.50 per barrel, following a previous session decline of 1.50%. This recovery reflects ongoing volatility in energy markets, influenced by geopolitical factors and shifting demand dynamics.
| 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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