Buy, hold and sell in the fast food sector
Market conditions were bad enough before the coronavirus struck, yet the fast food sector has retained a degree of attraction for SA consumers
BUY: Spur Corp Share price: R23.21 JSE code: SUR
With all the media commentary and, at times, hysteria about the coronavirus there has been global stock market knee-jerk reaction, with asset valuations plunging in areas that investors believe will be affected. Travel-and leisure-related stocks have taken a tumble because of cancellations and the fear of travelling. Energy stocks have dropped on the lower oil price, and retailers are concerned about less direct shopping due to the risk of contagion.