Daily Highlights
Wall Street subdued after Fed holds rates steady

The US Federal Reserve held interest rates steady at 4.25%–4.50% for a fourth straight meeting in June 2025, aligning with market expectations. Policymakers remain cautious as they assess the broader economic effects of President Donald Trump’s policies, particularly on tariffs, immigration and tax reform. Despite holding rates, officials still anticipate two rate cuts later this year. US equity markets erased earlier gains by late afternoon, with investors weighing the Fed’s stance and rising geopolitical risks. The S&P 500, Dow Jones, and Nasdaq 100 all ended marginally lower after earlier climbing as much as 0.50%.
In Europe, stock markets fluctuated throughout the day and closed slightly lower as investors digested global monetary policy signals, trade-related uncertainties and heightened tensions in the Middle East. The Eurozone’s STOXX 50 and the broader STOXX 600 each slipped 0.40%, finishing at 5 270 and 540, respectively. President Trump mentioned that Iran had made contact to discuss easing attacks from Israel, though his hawkish tone persisted.
Locally, the JSE All Share Index ended 0.35% higher on Wednesday, buoyed by steady inflation data. South Africa’s annual inflation rate remained at 2.80% in May—the same as April’s five-year low—while monthly CPI rose just 0.20%, slightly below the 0.30% recorded in April. Core inflation also held at 3%, the lowest since July 2021.
In Asia, the Hang Seng fell 1.10% to 23 711, declining for a second session as hopes for de-escalation in the Middle East faded. Meanwhile, Japan’s Nikkei 225 rose 0.90% to a four-month high, helped by weaker economic data that reduced pressure on the Bank of Japan to raise rates.
In commodities, Brent crude dropped over 1% to $75.20, retreating from session highs on signs of possible US-Iran dialogue.
| Date | Index | Current Level | 1 Day Move | 1 Month Move | 6 Month Move | 1 Year Move | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Date | 2026-10-06T00:00:00 | IndexALSI | Current Level108326.78 | 1 Day Move-0.05 | 1 Month Move-6.39 | 6 Month Move-4.51 | 1 Year Move2.59 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 2026-10-06T00:00:00 | IndexBasic minerals | Current Level83992.51 | 1 Day Move-0.23 | 1 Month Move-10.30 | 6 Month Move-8.85 | 1 Year Move11.61 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 2026-10-06T00:00:00 | IndexFin + Ind 30 | Current Level12627.82 | 1 Day Move0.03 | 1 Month Move-4.31 | 6 Month Move-1.93 | 1 Year Move-1.51 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 2026-10-06T00:00:00 | IndexFinancial | Current Level60327.15 | 1 Day Move-0.56 | 1 Month Move-5.70 | 6 Month Move1.21 | 1 Year Move18.80 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 2026-10-06T00:00:00 | IndexIndustrial index | Current Level125638.12 | 1 Day Move0.52 | 1 Month Move-3.41 | 6 Month Move-5.76 | 1 Year Move-16.29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||

Fundamental Research
Growthpoint Properties Limited

Fundamental Research
Vodacom Group Limited

Fundamental Research
Anheuser-Busch InBev SA/NV
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 | 07 October 2026 | CompanyASPEN PH LIMITED | Share CodeAPN | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 07 October 2026 | CompanyAFRICAN RAINBOW | Share CodeARI | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 07 October 2026 | CompanyATTACQ LIMITED | Share CodeATT | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 07 October 2026 | CompanyFIRST RAND LIMITED | Share CodeFSR | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 07 October 2026 | CompanyHARMONY GOLD MINING CO LTD | Share CodeHAR | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 07 October 2026 | CompanyHYPROP INVESTMENT | Share CodeHYP | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 07 October 2026 | CompanyMOMENTUM METROPOLITAN HOLDINGS LTD | Share CodeMTM | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 07 October 2026 | CompanyRAINBOW CHICKEN LIMITED | Share CodeRBO | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 07 October 2026 | CompanyRAINBOW CHICKEN LIMITED | Share CodeRBO | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 07 October 2026 | CompanySCHRODER REAL ESTATE INV TRUST PLC | Share CodeSCD | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Date | 07 October 2026 | CompanySEA HARVEST HOLDINGS PTY LTD | Share CodeSHG | ExpectationCash Dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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