GIULIETTA TALEVI: Investor indigestion as Deliveroo plunges 30% on debut
The rollercoaster will have at least pleased one group: the red-hot Reddit day traders who have begun to encounter an unfamiliar phenomenon: a dull market
01 April 2021 - 08:00
Well that didn’t go according to plan. Normally, the last trading day of the quarter sees all sorts of madness — in particular, traders goosing up shares to flatter fund managers’ portfolios, thereby making you, their customer, feel richer when you open your next investment statement.
Alas, the JSE all share fell 1.2% on Wednesday, though the gains for the three months to end-March are still a pretty spiffy 11.9%...
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