Highlights of the day: 13 September

FinMeUp highlights of the day

South Africa

African Rainbow Capital Investments Limited- Full-year financial results for the period to 30 June 2022

• Intrinsic portfolio value increased by 11.3% to R13 659 million.
• Cash in the ARC fund grew 180% to R669 million.
• Debt in the fund increased by 12.1% to R974 million.
• Significant international equity funding was secured in TymeBank and Tyme Global.
• The company disposed of 12.4 million Afrimat shares for R740 million.
• Net Asset Value per share increased by 13.9% to R10.08.

Stadio Holdings Limited- Dealings in securities

• The Stadio Group Share Incentive Trust has acquired 825 000 shares for a total value of R2 977 329.49.
• The transactions took place between 8 and 12 September.

The U.S.

Fidelity Investments

• Fidelity Investments is weighing a plan to allow individual investors to trade Bitcoin on its brokerage platform.

Oracle earnings

• EPS of $1.03 missing expectations of $1.07.
• Revenue of $11.45B missing expectations of $11.46B.

General Motors

• CEO, Mary Barra has said that the company is on track to sell 1 million EVs in North America in 2025.

Honda

• Honda has announced its plan to launch more than 10 new electric motorcycle models globally in the next 3 years.

U.S. CPI data

• US CPI for August came in at 8.3% (YoY) above expectations of 8.1%.

Biggest winners and losers

JSE

• Massmart +1.87%
• Discovery -5.34%

U.S.

• Nvidia -7.03%
• Meta -7.52%

Crypto

• Bitcoin -5.6%
• Ethereum -8.4%
• BNB -4.8%