Key Indicators
| Index / Fund / Rate | Start of Year | Last week | This Week | % change YTD |
|---|---|---|---|---|
| JSE ALSI | 73 723 | 74 323 | 74 548 | 1,12% |
| NASDAQ Composite | 15 833 | 11 461 | 11 005 | -30,49% |
| S&P 500 | 4 797 | 4 072 | 3 934 | -17,98% |
| Prime Lending Rate | 7,25% | 10,50% | 10,50% | 44,83% |
| Lunar BCI WW Flexible Fund | 165,68 | 149,36 | 147,52 | -10,96% |
| USD/ZAR | 15,96 | 17,51 | 17,35 | 8,71% |
| EUR/ZAR | 17,95 | 18,46 | 18,28 | 1,84% |
| Brent Crude | 77,86 | 85,90 | 76,63 | -1,58% |
Source: iress
Company and Market News
This will be our last weekly roundup until January. Whilst the holiday mood is settling in, we at Lunar Capital will still keep our eyes and ears on the market.
One of our core investment themes is Health. We often talk about why we are invested in Healthcare companies. Our view is innovative advances in biotechnologies, people having a more acive lifestyle and fewer violent conflicts over the years are helping people to live longer as well as other socio-economic progresses. Behind these health themes are businesses that are developing and offering people products and services to help maintain and improve their lifestyles; and providing preventative and curative treatments for diseases.
Recent advances include:
- Biogen and Eisai having completed the early-stage trials for an Alzheimer’s treatment that has produced the first set of promising results in a while. The results show the treatment can help reduce the effects of dementia, if caught early enough.
- Novo Nordisk has completed late-stage trials for an obesity drug that has shown it can help patients lose weight and keep their weight off.
- Lululemon like Nike and others, creates athleisure products and promotes a healthy lifestyle.
Even though health and healthcare are good investment themes, the best investment we can make is in our own health. As we head into the holiday season, we tend to over indulge. Holiday traffic and bad driving also increase during the season.
Our final words to you are to use this extra time to reflect and take concrete actions on improving your health and staying safe. Invest in your mental health by resting, in your physical health by exercising and not over-indulging, and in your safety with safe driving.
See you in the New Year.
Lululemon and Novo Nordisk are held in the Lunar BCI WW Flexible Fund.
Lunar Capital on Eastwave Radio
Every Tuesday, at 07h45, Sabir chats with Nazia from Eastwave Radio (92.2 fm, live stream on www.eastwave.co.za) on investing and the markets.
Click here to access your account to view statements, obtain tax certificates, add, or make changes to your investments.
Our email address is: [email protected]
Read our full Disclosure statement: https://lunarcapital.co.za/disclosures/
Our Privacy Notice: https://lunarcapital.co.za/privacy-policy/
The Lunar BCI Worldwide Flexible Fund Fact Sheet can be read here.
This roundup is prepared for the clients of Lunar Capital (Pty) Ltd. This roundup does not constitute financial advice and is generated for information purposes only.
