All in all, it's a big plethora of positive resource info, that's what really driving our market. |
Initially we were down on negative earnings news from the US, but resource stocks led a rebound, industrials and banks are still under pressure. |
Oil has continued to firm. That's bullish for the two stocks, which were also helped to a certain extent by the slightly weaker rand. |
Positive resource info [is] really driving our market. |
Their results were pretty much in line, and after the shares hit life-time highs, people are cashing in after the results. |
Those consumer-oriented stocks gained quite aggressively yesterday after the January retail sales data, which was a pretty good number, so we saw a bit of profit taking today. |