18 July 2019 1 Min Read

Market Analysis

WATCH: Stock pick — Shoprite

Graeme Franck from PSG Wealth Sandton talks to Business Day TV about his stock pick of the day

in Markets by Business Day TV
Shoppers leave the Shoprite store in Daveyton. Picture: REUTERS/SIPHIWE SIBEKO
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Graeme Franck from PSG Wealth Sandton chose Shoprite as his stock pick of the day.

“So in light of tomorrow, and my expectation for interest rates, I do think that blue-chip retailers should rerate in a declining interest rate environment and it just generally better consumer confidence. So, I'm gonna go for Shoprite.”

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Graeme Franck from PSG Wealth Sandton talks to Business Day TV about his stock pick of the day
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