A lot of people are taking some money off the table, especially on the best-performing sectors, and the banks have been one of the biggest performers. |
It's a very good performance today, especially considering the first quarter was up 13%, although the volumes today are disappointing, they're pretty light. |
The telecoms and construction sectors are likely to be up because that's where the money is going after the government said it wants to up its investment in these sectors. |
We're still seeing some good volumes in selected shares and there's definitely a big contingent of foreign buying in our market. |
You've seen continued good performance on commodities' prices and the fact that the rand didn't break through the 6.0 (against the dollar) level is giving the market a bit of support on the resource stocks. |