Stock Watch
WATCH: Stock picks — Absa and FTSE 100 autocall
Nick Kunze from Sanlam Private Wealth and Gary Booysen from Rand Swiss talk to Business Day TV
18 February 2020 - 10:32
Nick Kunze from Sanlam Private Wealth chose Absa as his stock pick of the day and Gary Booysen from Rand Swiss chose FTSE autocall.
Kunze said: “Traditionally, the banks have been under pressure for obvious reasons, we know the story ... a slowing economy, concerns over the fiscal issues, competitor pressures and so on. Stocks have come off quite a lot and out of the banking sector we tend to favour Absa.”..
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