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Warrants and Share Instalments

Welcome to The Standard Bank of South Africa Limited's ("Standard Bank") Warrants website, which provides information on the warrants and share instalments issued by Standard Bank, together with general information relating to warrants and market information. Access to and use of the information provided on this website is subject to the Terms and Conditions, Privacy and Security Statement and Disclaimer.

Financial and other information relating to Standard Bank as the issuer of the warrants and share instalments as well as the terms and conditions governing the warrants and share instalments are set out in the Common Terms Document and related annexures and/or supplements. The warrants and share installments set out on this website are subject to certain selling restrictions which are documented in the Common Terms Document and related annexures and supplements. In particular warrants and share instalments may not be offered or sold within the United States of America or for the account or benefit of U.S. persons. Further restrictions may also be applicable in respect of non-residents and potential investors should ensure that they are they are familiar with all such restrictions.

New Warrant and Instalment Articles
Welcome to the Standard Bank of South Africa Limited
Market Report
Date Updated: 11/25/2020 8:58:09 AM

WHAT HAPPENED OVERNIGHT:

·        S&P +1.6%, sailed to new record high on start of formal Biden transition process.

·        GSA green light for handover accompanied by Trump tweet citing “best interest of our Country”.

·        Risk-on vs receding political risk. Reports of Yellen at Treasury added 2pts curve steepening (in 2-10).

·        Banks & financials powered the rally. BAC +5.8% to 9mth high; JPM +4.6% on 20m shs, biggest in 2 weeks.

·        Oil extended gains for the week to >7% (OPEC+ meeting next week) with front end closing gap vs longer dated.

·        Hospitality & travel better again (wtd Value +3.5% vs Growth +1.3%). Techs never completely recovered shaky start, closed on a downtick.  

·        Asia ok but unspectacular with gains capped at half a percent. Tencent -1.6%, indicating tech to lag again today. China -1%, counter-cyclical.  

·        Australia +0.6%, traded narrow range all session with underpin from resources & financials. BHP +3% to record high, indicates SA open +1%.

 

 SOUTH AFRICAN NEWS:

Expect JSE AllShare +0.25%. 

·        From SA close yday, S&P +0.8% (S&P futs +0.1%), gold unch ($1803), plat +$9 ($962), pall -$11 ($2335), copper unch ($3.32/lb), Brent crude oil +1.5% ($48.10), Dalian iron -0.3% (=spot $127/t), Singapore iron +0.3% ($124.89), Dalian coal +0.3%, ZCE thermal coal unch, steel rebar -0.2%, BHP parity +1%, USDZAR -0.8% (15.22), Tencent -1.6% (HKD 574).

·        XDs: AFT 36c/CTK 87c/NPN 580c.

·        CFR ex warrants today TERP CHF 77.88 / R130.92 (ie 2 CFRO per 1 at strike CHF 6.7, 67 warrants per 1 DR).

·        XDs = c47 points. CFRO only starts trading on Fri, remains in top40 (until Dec 4) at zero valuation ie implied 27 pts off index today. NPN xd takes off another 20.7pts.

·        Also due today: IVT (H1), ADR (H1), LEW (H1) 10am Oct CPI, 12pm Q4 BER Business Conf 

 

TODAYS KEY DATA POINTS:

 

Global data – today

·        3.30pm: US Q3 GDP second read, Oct Durable Goods, initial jobless

·        5pm: US Oct Personal Income/Spend, Nov Uni of Mich Consumer Conf final read, Oct Home Sales

·        9pm: FOMC minutes

Global data – week ahead

·        Thurs (Nov 26): US market closed for Thanksgiving

·        Fri (Nov 27): US half day (Black Friday)

SA – week ahead

·        Thurs (Nov 26): MRP (H1), TCP (FY), EOH (FY), PPC (H1), 11.30am Oct PPI

·        Fri (Nov 27): QFH (FY), L2D (Q3), PFB (FY), OCE (FY)

 


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Standard Bank Warrants and Share Instalment News
GRTSTA- SCIB: The Standard Bank Of South Africa - Adjustment to Share installme - 11/16/2020 12:15:00 PM
GRTSTA- CANCELLATION OF S438785 SCIB: The Standard Bank Of South Africa: Share - 11/16/2020 9:02:59 AM
GRTSTA- SCIB: The Standard Bank Of South Africa: Share Installment Dividend Ann - 11/13/2020 4:48:00 PM
NPNSTA- SCIB: The Standard Bank Of South Africa: Share Installment Dividend Ann - 11/13/2020 4:30:00 PM
TOPSKC- SCIB: The Standard Bank Of South Africa - Issue of Knockout Warrants - 11/10/2020 8:45:00 AM

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