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19 June : Tech stocks reached new all-time highs

·       
Market trends have been mostly
positive with sectors and S&P constituents closing higher.

·       
Tech stocks, like Microsoft,
reached new all-time highs.

Microsoft share price 19 June
  • Some profit-taking observed in the semiconductor sector due to concerns about AI-driven frenzy.
  • Commodity prices saw notable movements, with oil up 3.5%, natural gas up 9%, and agricultural products rising around 4%.
  • Friday’s session saw a slight pullback, with yields increasing and equity markets closing with modest losses.
  • Defensive sectors like utilities and staples performed well.
  • Commodities remained strong, with oil up 1.5% and natural gas up 3.4%.
  • Asian markets declined due to geopolitical factors and lack of stimulus news.
  • South African markets experienced a positive “SA Inc rally” supported by surprises in loadshedding and news of hosting the BRICS summit.
  • Consider the impact of South Africa’s foreign policy approach on economic stability.
  • The government’s decision not to sell its Telkom stake and recent developments indicate a commitment to a developmental state.
  • Overall, the SA Inc rally is expected to continue, but caution is advised with ratings and the longer-term narrative.
Information correct at time of publishing. It is important to conduct thorough research and analysis using a combination of fundamental and technical analysis techniques to make informed trading decisions.

Additionally, consider your risk tolerance, investment objectives, and time horizon when assessing company performance for trading. This content is not meant as financial advice.
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elena.protulis

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