POOR START
Most information technology shares lag market as takeovers lift some
Investors sell out of most domestic stocks due to weaker economic growth and prevailing uncertainty
19 July 2017 - 06:18
The share price performances of some listed information technology companies have been poor, lagging the JSE all-share index growth of 5% so far this year Investors have been selling out of most domestic stocks due to weaker economic growth and prevailing uncertainty as well as much weaker business confidence, says Mergence Investment Managers portfolio manager Peter Takaendesa. But the share prices of entities such as Datatec and Alviva, formerly known as Pinnacle Holdings, have risen along with their growth prospects due to, among other things, disposals and acquisitions of assets.
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