| The JSE flirted with a new record yesterday after the All Share Index crossed above 60,000 for the first time in almost two years. The 1.8% gain puts it about a thousand points below the all-time high of 61,596 reached in January 2018. Optimism over a Covid-19 stimulus bill in the US was behind the move, also propelling the S&P 500 and the Nasdaq to record highs. The ALSI's gains came despite a big decline in MTN's share price after it said Nigeria's authorities had given telecoms operators just two weeks to comply with strict SIM card registration requirements. That followed a sharp drop last Friday when the news first broke. Happier news from Growthpoint's UK subsidiary, Capital & Regional, as customers return in their droves to its shopping centres around London. NEPI Rockcastle, however, is still battling tough restrictions in some Central and Eastern European countries. Also today, De Beers says diamond demand remains steady ahead of the holidays after a sharp decline earlier this year. And Kibo Energy says it's making progress on a power purchase agreement in Mozambique. In the 6th Magic Markets podcast, The Finance Ghost and Mohammed Nalla discuss the opportunities that are created by sustainable investing, unpacking the link between ESG (Environmental, Social and Governance) metrics and sensible long-term investment principles. Have a great weekend. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics For investors in Tencent (or Prosus or Naspers for that matter) Ingham Analytics' latest note on Tencent entitled "Gaming for change" will be of interest. They have upped their earnings forecast and say that games revenue is a strong driver. Product pipeline is robust as this internet giant continues to innovate. However, they do caution that the rating is looking stretched. | 