Highlights of the day: 30 May

June 17, 2024

FinMeUp highlights of the day


South Africa

Momentum Metropolitan Holdings Limited- Operational update for the nine months ended 31 March 2022

  • HEPS increased 59% to 158.3 cents from 99.7 cents.
  • Normalised HEPS increased 46% to 172.5 cents.
  • EPS increased 6% to 114.9 cents from 108 cents.
  • Operating profit increased 26% to R1 736 million.
  • Investment return improved more than 100% to R852 million.
  • Return on equity improved to 18.2% from 11.7%

Adcorp Holdings Limited - Consolidated results for the year ended 28 February 2022

  • Operating profit from continuing operations increased by 68.2% to R199 million.
  • Net cash position improved to positive R198 million.
  • Interest-bearing debt excluding leases of R133 million compared to R456 million in 2021.
  • EPS increased by 206.5% to 109,1 cents per share.
  • HEPS increased by 190.6% to 99,4 cents per share.
  • The board declared a dividend of 47.0 cents per share to be paid on Monday, 22 August 2022.
  • The company also said that "We have seen early signs of some recovery in permanent and contingent workforce demand."




  • Microsoft is reportedly working on a Xbox cloud streaming device codenamed "keystone" to offer cloud gaming, according to WindowCentral.

ARK Innovation ETF

  • Zoom is now the largest holding in the ETF.
  • Tesla is the second largest holding, followed by Roku in third.

S&P500, the Dow Jones & the Nasdaq 100

  • The 3 major indexes in the US had a strong week last week.
  • The S&P500 was up 6.59%. 
  • The Dow Jones was up 6.24%.
  • The Nasdaq 100 was up 6.84%.


  • Amazon shareholders earlier this week approved the company's 20:1 stock split.


  • Since Coinbase went public, CEO Brian Armstrong has sold $292 million worth of shares, according to the WSJ.


  • Apple is back to being the largest company in the world, reclaiming the spot from Saudi Aramco.


  • McDonald's declared a quarterly dividend of $1.38 per share, this is unchanged from its previous dividend.


  • Toyota said today it missed its global production target for April producing 692,259 vehicles during the month down 9.1% YoY.


  • Apple reportedly filed to patent the name RealityOS for the operating system on its rumored virtual and augmented reality headset.


Biggest winners and losers: 


  • Exxaro +6.93%
  • Tiger brands -3.36%


  • Pinduoduo +15.19%
  • Workda a -5.72% 


  • Bitcoin +4.6%
  • Ethereum +6.1%
  • Cardano +13.2%

FinMeUp portfolio update:

  • We have added Capital Appreciation to our portfolio at R1.70 per share. We will conduct an in-depth stock pick soon on the app. 

Our weekly newsletter discusses the highlights of the week, as well as a brief overview of the best content posted on the app for the week. To sign up, feel free to visit our website: https://www.finmeup.co.za/, or click directly on the following link: https://bit.ly/FinMeUp_Newsletter 

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