Initially we were down on negative earnings news from the US, but resource stocks led a rebound, industrials and banks are still under pressure.
Warren Hammond
negative pressure news banks
Oil has continued to firm. That's bullish for the two stocks, which were also helped to a certain extent by the slightly weaker rand.
oil
All in all, it's a big plethora of positive resource info, that's what really driving our market.
positive market big driving
Positive resource info [is] really driving our market.
positive market driving
Those consumer-oriented stocks gained quite aggressively yesterday after the January retail sales data, which was a pretty good number, so we saw a bit of profit taking today.
data today good sales profit january pretty yesterday
Their results were pretty much in line, and after the shares hit life-time highs, people are cashing in after the results.
results people pretty
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