South African Manufacturing Underperforms Forecasts in December [BNN Bloomberg (Canada)]
STANDARD BANK GRP SP/ADR (SGBLY)
NASDAQ:AMEX Investor Relations:
reporting.standardbank.com
Company Research
Source: BNN Bloomberg
Output rose 0.7% from a year earlier, compared with an an upwardly revised 2.5% in November, Pretoria-based Statistics South Africa said Thursday in a report published on its website. On a month-on-month basis it contracted 1.7%. Both readings were less than analysts had expected. Their median estimates in a Bloomberg survey was for a year-on-year increase of 2.7% and a monthly gain of 0.4%. The slowdown may add to concerns that factories are struggling to build momentum at the start of this year. A purchasing managers' index plummeted last month to the lowest level since 2020 as demand and activity dropped sharply, underscoring the impact on activity of congested ports, railway bottlenecks and chronic electricity shortages. Still, the disappointing December data shouldn't have a meaningful impact on fourth quarter growth as this will be mitigated by stronger performances in October and November, according to Yvonne Mhango, Bloomberg Africa economist. “However, manufacturing PM
Show less
Read more
Impact Snapshot
Event Time:
SGBLY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SGBLY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SGBLY alerts
High impacting STANDARD BANK GRP SP/ADR news events
Weekly update
A roundup of the hottest topics
SGBLY
News
- Motsepe-Backed GoSolr Plans $537 Million South Africa Expansion [BNN Bloomberg (Canada)]BNN Bloomberg
- Capitec to Tap Small Firms to Sustain 127,428%, 30-Year Rally [BNN Bloomberg (Canada)]BNN Bloomberg
- Painful week for individual investors invested in Standard Bank Group Limited (JSE:SBK) after 3.8% drop, institutions also suffered losses [Yahoo! Finance]Yahoo! Finance
- Standard Bank to Deepen Mideast Ties With New Egypt Office [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Kenyan private sector activity slows in March, PMI shows [Reuters]Reuters