Locally 2022 has not been all horror (#520)

Simon Shares

• Renergen* (JSE code: REN) did a small capital raise and the market not liking after they said earlier in November they wouldn't do one.
• Cilo Cybin will not be listed on the JSE. They planned to raise R500million but only got R20.5million. Those who applied will be refunded.
• Local October CPI was 7.6%, up from 7.5% and vs. an expected 7.4%. Expect MPC to do 0.75% and two 0.25% next taking prime to 11%.

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Locally 2022 has not been all horror

It feels really bad but the JSE has had a fair year with sen decent winners as the two images below show.

JSE Top40 stocks year-to-date. (winners)

JSE Top40 stocks year-to-date. (losers)