‘Out­look still chal­leng­ing’

The Star Early Edition - - COMPANIES -

BETS AGAINST South Africa’s re­tail com­pa­nies have run their course. Bear­ish con­tracts on Lewis Group and Mass­mart Hold­ings fell to the low­est level since 2015 and 2013, re­spec­tively.

They were still among the most shorted stocks in emerg­ing mar­kets and the out­look for re­tail­ers re­mained chal­leng­ing, but some im­prove­ments in busi­ness and ex­pec­ta­tions for in­fla­tion to ease were driv­ing a turn­around in sen­ti­ment, ac­cord­ing to Bradley Pre­ston, the chief in­vest­ment of­fi­cer at Mer­gence In­vest­ment Man­agers. – Bloomberg

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