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Daily Highlights

US equities reverse course to close lower

Adriaan Pask, Chief Investment OfficerPSG Wealth

 US equities reverse course to close lower

Although US equities started the week on a stronger note, with early gains in the S&P 500 and Dow Jones, markets reversed course to close lower on Monday. At 18h38 SAST, the S&P 500 declined by 0.75% to close at 5 483.61, the Nasdaq Composite dropped 1.13%, closing at 17 186.46 and the Dow Jones Industrial Average fell 0.32%, decreasing by 129.42 points. Tech stocks led the downturn, with NVIDIA and Amazon both experiencing significant losses. Investors remain cautious. Tentative US-China tariff exemptions, despite no formal agreement, have also dented the dollar’s safe-haven appeal. Attention now turns to April’s jobs report, Q1 GDP, and the Fed’s preferred inflation gauge. 

European equities ended mixed on Monday. The Euro Stoxx 50 closed lower at 5 334.35, down 0.87%, while the Stoxx 600 rose by 0.40%. Germany’s DAX outperformed, gaining 0.74%. The FTSE ended the day 0.02% higher at 8 417.34. 

Asian markets also experienced mixed results. The Nikkei 225 increased by 0.38% (35 839.99), while the Hang Seng Index rose by 0.02% (21 985.91). In the meanwhile, the Bank of Thailand (BOT) is expected to reduce its key interest rate by 0.25 percentage points on Wednesday to help boost economic growth, as per a Reuters poll of economists. The poll suggests that US tariffs have dampened business sentiment. 

In South Africa the JSE was closed on Monday due to the public holiday. On 25 April, the rand traded at 18.68 to the dollar. 

Commodities declined on Friday, with gold closing at $3 319.24 per ounce. At 19:14 SAST, brent crude oil was down by 2.27% closing at $65.35 per barrel. 

KST2 800c-104c (-3.58%)
Market Indicators
DateIndexCurrent Level1 Day Move1 Month Move6 Month Move1 Year Move
Date2026-10-16T00:00:00IndexALSICurrent Level110171.851 Day Move1.531 Month Move-2.486 Month Move-5.671 Year Move2.70
Date2026-10-16T00:00:00IndexBasic mineralsCurrent Level83334.201 Day Move1.901 Month Move-7.206 Month Move-11.601 Year Move7.22
Date2026-10-16T00:00:00IndexFin + Ind 30Current Level12995.471 Day Move1.381 Month Move-0.016 Month Move-2.421 Year Move0.50
Date2026-10-16T00:00:00IndexFinancialCurrent Level61900.991 Day Move1.491 Month Move-0.926 Month Move0.741 Year Move17.47
Date2026-10-16T00:00:00IndexIndustrial indexCurrent Level129695.651 Day Move1.271 Month Move0.566 Month Move-5.801 Year Move-12.73

House View Equity Portfolios

Non-Collective Investment Schemes
Morningstar CategoryFund fact sheetReg 28 compliantAvailable for TFIP* investmentOnly 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.

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