Ferdi Heyneke Quotations

With this gold price heading towards $600, positive sentiment is driving the sector.

Monday was a very big day but the market is volatile and I guess there was some profit taking but industrials and some insurers are stable.

I do not think this is a problem. They are just coming off very high levels... for the broader market, I expect to see more volatility and the fundamentals are still good.

Gold has pulled back from its recent spike to around $505 an ounce while the rand has strengthened to 6.34 against the US dollar.

I think it got ahead of itself especially gold and platinum stocks and profit taking was not unexpected.

I think we are taking after the markets in Europe, most of them are down today. I think the guys are just taking profits on banks because there's still good news especially with credit demand figures this morning.

Local equity markets have run very hard, especially among the banks, financials, industrials and retailers since the start of the year. These stocks have been overbought and market players were today banking some profits. The JSE is off its worst levels, so there is support for the market.

We had a dip initially but those are not that much of a concern, we'll see some volatility and profit-taking but I think the trend is still rising.

Despite the strong rand the JSE remained strong, which showed that there was a lot of positive sentiment.

That update and the one from PPC was a nice boost for domestic industrials.

This correction was long overdue and we all expected that it will happen at some stage, but the (upward) trend will not change, the fundamentals are still the same.

A lot of factors are positive for the sector, there's Christmas turnover, a stronger rand which means interest rates will remain as they are or even another cut as some people are suggesting.

There's a broad-based recovery in this market after Monday's dip in line with American markets and helped by a weaker rand.

The U.S market closed higher on Thursday and we are following that trend, but I think things will settle down in the new year.

The JSE was lower today on profit taking and the pull back in markets overseas, especially the East. There is no change in the fundamentals.

The JSE is strong again, but it will stay volatile for the foreseeable future. The Dow was steady overnight, while the gold price moved back to $530/oz. The market should pick up from next week as more people are at their desks.

Impala is higher ahead of expected good results due in February, gains in other platinum stocks and the higher platinum price, coupled with the weaker rand.

The fundamentals for these kind of stocks are very promising with the healthy economic growth prospects.

The market's volatility has been huge and we've become oversold so the market was poised for a rally and needed some news and some trigger.