StockWave

Full ETF Guide for South Africans available now in PDF format to download, print, or share. Find it in the telegram below - more to come t.me/+QH7vccvASEg4MTA0

TODAY'S MARKET BRIEF JSE 🇿🇦 JSE All Share: +0.25% JSE Top 40: +0.30% Industrial 25: -0.03% Financial 15: +0.89% Resource 10: -0.01% Mid Cap: +0.40% Small Caps: -0.13% USDZAR: R16.62 Biggest Winners (Large Caps): - Northam Platinum +3.13% - OUTsurance +2.82% - Anglo American +1.78% - Bidvest +1.76% - Pepkor +1.68% Biggest Losers (Large Caps): - Anheuser-Busch InBev -3.76% - Clicks Group -2.38% - Sasol -1.50% - Valterra Platinum -1.16% - BHP Group -0.85% USA 🇺🇸 Dow Jones -0.26% S&P500 -0.27% Nasdaq -1.19% (Note markets are still open) Rest of the world Dax 🇩🇪 +1.43% CAC 40 🇫🇷 +1.21% AEX 🇳🇱 +0.75% Euro Stoxx 50 🇪🇺 +0.76% Nikkei 225 🇯🇵 +1.10% Hang Seng 🇭🇰 -0.36% KOSPI 🇰🇷 -1.24% Commodities Gold -0.40% Silver -2.06% Platinum -3.48% Palladium -1.16% Copper -0.71% Brent Crude -1.72% Crude Oil WTI -2.06% Natural Gas -2.64% Crypto Bitcoin +0.53% Ethereum +0.30% XRP -1.28% BNB -1.21%

JSE Midday Brief 🇿🇦 JSE All Share: +0.02% JSE Top 40: +0.09% Industrial 25: -0.32% Financial 15: -0.10% Resource 10: +0.62% Mid Cap: -0.19% Small Caps: -0.52% Biggest Winners (Large Caps): - Northam Platinum +4.19% - Sibanye-Stillwater +2.69% - Pan African Resources +1.92% - Impala Platinum +1.68% - Anglogold Ashanti +1.11% Biggest Losers (Large Caps): - Sasol -2.58% - Clicks Group -2.32% - Glencore -2.13% - Anheuser-Busch InBev -1.56% - ABSA Group -1.02% USDZAR: R16.62 Gold -0.23% Silver -1.68% Platinum -2.51% Palladium -1.61% Copper -1.19% Brent Crude -1.16% Crude Oil WTI -1.30%

JSE Morning Brief 🇿🇦 JSE All Share: -0.22% JSE Top 40: -0.25% Industrial 25: -0.71% Financial 15: +0.02% Resource 10: -0.04% Mid Cap: -0.12% Small Caps: -0.05% Biggest Winners (Large Caps): - Northam Platinum +4.75% - Sibanye-Stillwater +1.26% - Pan African Resources +0.94% - Sanlam +0.66% - Woolworths +0.50% Biggest Losers (Large Caps): - Anheuser-Busch InBev -3.13% - Sasol -2.57% - Clicks Group -1.78% - Prosus -1.74% - Naspers -1.56% USDZAR: R16.65 Gold -0.35% Silver -1.60% Platinum -2.04% Palladium -1.76% Copper -0.61% Brent Crude -0.74% Crude Oil WTI -0.89%

Datatec Condensed Interim Results for the Period Ended 31 August 2026 🔹 Revenue increased by 13.9% to US$2,024.1 million from US$1,777.2 million for the period ended 31 August 2025, which was restated to reduce revenue and cost of sales by US$58.7 million 🔹 Reported EBITDA decreased by 7.8% to US$128.1 million from US$139.0 million 🔹 Adjusted EBITDA, a non-IFRS measure, increased by 16.6% to US$150.7 million from US$129.2 million 🔹 The company attributes continuing strong Westcon performance to networking and cyber infrastructure demand, Logicalis International performance to operating leverage, and weaker Logicalis Latin America performance to ongoing transformation and remodelling 🔹 Underlying earnings per share, a non-IFRS measure, increased by 56.5% to 30.2 US cents from 19.3 US cents, while headline earnings per share increased by 1.4% to 22.3 US cents from 22.0 US cents 🔹 Interim dividend per ordinary share of 250 ZAR cents, a 42.9% increase from 175 ZAR cents, with a scrip alternative and 20% dividend withholding tax 🔹 Westcon refinancing transaction with General Atlantic returned ZAR 7.1 billion (US$438 million) to shareholders 🔹 Net asset value was US$162.3 million, compared with US$488.2 million, a movement of (66.8%) 🔹 The company states that current trading remains robust and that AI infrastructure investment is supporting growth in hardware and software 🔹 The company states that H2 FY27 results will be impacted by the Westcon International minority investment and refinancing transaction and by additional shares in issue from the scrip take-up of the special dividend

Astral Foods Trading Statement and Operational Update 🔹 Earnings per share for the year ended 30 September 2026 is expected to increase by between 90% and 100% to between 4 324 cents and 4 552 cents, from 2 276 cents for the year ended 30 September 2025 🔹 HEPS expected to increase by between 95% and 105% to between 4 277 cents and 4 496 cents, from 2 193 cents for the prior comparable year 🔹 The Group has a reasonable degree of certainty of these expected ranges, and the financial information has not been reviewed and reported on by the Group's auditors 🔹 Softer maize and soya prices on local and global soft commodity markets resulted in lower poultry feed input costs 🔹 Internal feed sales increased on higher broiler production volumes, together with growth in external feed sales volumes 🔹 Poultry farming efficiencies improved and, together with lower feed costs, benefitted the broiler live production cost 🔹 Poultry sales realisations improved, supported by volume growth in higher margin segments of the sales mix 🔹 Assistance from Astral's best cost strategy is cited as a driver of the improved earnings 🔹 Results for the year ended 30 September 2026 are expected to be published on SENS on Monday, 23 November 2026

TODAY'S MARKET BRIEF JSE 🇿🇦 JSE All Share: -0.06% JSE Top 40: -0.04% Industrial 25: -0.52% Financial 15: +0.31% Resource 10: +0.02% Mid Cap: +0.12% Small Caps: -0.39% USDZAR: R16.67 Biggest Winners (Large Caps): - Northam Platinum +2.11% - Mr Price Group +1.17% - Reinet +1.10% - Sasol +1.08% - OUTsurance +0.76% Biggest Losers (Large Caps): - Clicks Group -4.44% - MTN Group -1.44% - Harmony Gold -1.39% - Sibanye-Stillwater -0.91% - Bidvest -0.81% USA 🇺🇸 Dow Jones +0.31% S&P500 +0.24% Nasdaq +0.01% (Note markets are still open) Rest of the world Dax 🇩🇪 +0.29% CAC 40 🇫🇷 -0.01% AEX 🇳🇱 -0.30% Euro Stoxx 50 🇪🇺 -0.01% Nikkei 225 🇯🇵 +1.08% Hang Seng 🇭🇰 -0.50% KOSPI 🇰🇷 +6.63% Commodities Gold -0.50% Silver -1.66% Platinum +0.54% Palladium -1.22% Copper -0.11% Brent Crude +2.72% Crude Oil WTI +3.35% Natural Gas +2.03% Crypto Bitcoin -0.44% Ethereum -0.71% XRP -1.50% BNB +0.64%

Vodacom Trading statement for the interim results period ended 30 September 2026 🔹 Headline earnings per share (HEPS) for the six-month period ended 30 September 2026 expected to increase by between 22% and 27% to a range of 570 cents to 593 cents from 467 cents 🔹 EPS expected to increase by between 272% and 279% to a range of 1 756 cents to 1 789 cents from 472 cents 🔹 EPS was positively impacted by a tax-neutral and non-recurring fair value gain of R23.2 billion (1 199 cents per share) on remeasurement of a previously held associate interest in Safaricom, which did not affect headline earnings or HEPS 🔹 Interim results are anticipated to be consistent with Vodacom's medium-term growth ambitions 🔹 Interim results for the period ended 30 September 2026 are expected to be released on SENS on or about 10 November 2026 🔹 The financial information on which the trading statement is based has not been reviewed or reported on by external auditors

JSE Morning Brief 🇿🇦 JSE All Share: +0.04% JSE Top 40: +0.04% Industrial 25: -0.02% Financial 15: -0.12% Resource 10: +0.25% Mid Cap: +0.27% Small Caps: -0.08% Biggest Winners (Large Caps): - Northam Platinum +2.63% - Sasol +1.57% - Sibanye-Stillwater +1.17% - Glencore +1.00% - Reinet +0.47% Biggest Losers (Large Caps): - Pepkor -0.92% - Impala Platinum -0.77% - Nedbank -0.51% - MTN Group -0.49% - Remgro -0.49% USDZAR: R16.65 Gold -0.58% Silver -1.17% Platinum -0.20% Palladium -0.44% Copper +0.05% Brent Crude +2.02% Crude Oil WTI +2.21%

TODAY'S MARKET BRIEF JSE 🇿🇦 JSE All Share: +0.63% JSE Top 40: +0.63% Industrial 25: +0.69% Financial 15: +0.53% Resource 10: +0.59% Mid Cap: +0.22% Small Caps: +0.71% USDZAR: R16.60 Biggest Winners (Large Caps): - BHP Group +3.26% - Naspers +2.48% - Anglo American +2.26% - Anglogold Ashanti +1.63% - Pepkor +1.26% Biggest Losers (Large Caps): - Sasol -0.93% - Anheuser-Busch InBev -0.92% - Impala Platinum -0.83% - British American Tobacco -0.73% - Bidvest -0.72% USA 🇺🇸 Dow Jones +0.19% S&P500 +0.72% Nasdaq +1.32% (Note markets are still open) Rest of the world Dax 🇩🇪 +0.86% CAC 40 🇫🇷 +0.65% AEX 🇳🇱 +0.68% Euro Stoxx 50 🇪🇺 +0.90% Nikkei 225 🇯🇵 +1.73% Hang Seng 🇭🇰 -0.23% KOSPI 🇰🇷 +3.09% Commodities Gold +0.94% Silver +0.38% Platinum -0.24% Palladium -2.00% Copper +1.62% Brent Crude -0.95% Crude Oil WTI -1.48% Natural Gas +0.00% Crypto Bitcoin +0.46% Ethereum +0.92% XRP +0.90% BNB +1.20%

Oceana Group Trading Statement for the year ended 30 September 2026 🔹 Earnings per share is expected to be between 815 cents and 870 cents, an increase of between 45% and 55% from the 562.4 cents reported for the comparative period 🔹 HEPS expected to be between 825 cents and 880 cents, an increase of between 46% and 56% from the 564.8 cents reported for the comparative period 🔹 The expected increase in earnings is primarily attributable to higher operating profit and lower interest costs 🔹 Operating profit improved on stronger performances from the fishmeal and fish oil (USA) and Wild caught seafood segments, driven by higher volumes and improved pricing 🔹 Lucky Star foods made a solid contribution to operating profit despite limited inventory 🔹 Gains from these segments more than offset weaker results from the Africa fishmeal and fish oil segment 🔹 Financial results for the year ended 30 September 2026 are expected to be released on or about 26 November 2026 🔹 The financial information and forward-looking statements in the announcement have not been reviewed or reported on by the Group's auditors

Coronation Fund Managers Voluntary trading update and assets under management update 🔹 The board is reasonably certain that EPS for the year ended 30 September 2026 will be between 403.2 and 450.6 cents per share, a decrease of between 5% and 15% from 474.3 cents reported for the prior period 🔹 Total assets under management were R750 billion as at 30 September 2026 🔹 The financial information on which the trading update is based has not been reviewed or audited by external auditors 🔹 Financial results for the year ended 30 September 2026 will be released on or about 17 November 2026

JSE Midday Brief 🇿🇦 JSE All Share: +0.28% JSE Top 40: +0.21% Industrial 25: +0.37% Financial 15: +0.39% Resource 10: -0.12% Mid Cap: +0.51% Small Caps: +0.75% Biggest Winners (Large Caps): - Clicks Group +2.89% - BHP Group +1.86% - Shoprite +1.39% - Sasol +1.31% - Anglo American +1.11% Biggest Losers (Large Caps): - Sibanye-Stillwater -1.71% - Impala Platinum -1.33% - Pan African Resources -0.93% - Northam Platinum -0.93% - Valterra Platinum -0.84% USDZAR: R16.69 Gold -0.78% Silver -2.14% Platinum -2.95% Palladium -3.33% Copper +0.90% Brent Crude +0.61% Crude Oil WTI +0.69%

JSE Morning Brief 🇿🇦 JSE All Share: -0.32% JSE Top 40: -0.36% Industrial 25: -0.23% Financial 15: -0.10% Resource 10: -0.81% Mid Cap: -0.13% Small Caps: +0.04% Biggest Winners (Large Caps): - BHP Group +2.25% - Clicks Group +1.44% - Anglo American +1.04% - Glencore +0.74% - Nedbank +0.50% Biggest Losers (Large Caps): - Sibanye-Stillwater -1.97% - Valterra Platinum -1.96% - Impala Platinum -1.95% - Northam Platinum -1.54% - Anglogold Ashanti -1.02% USDZAR: R16.67 Gold -0.56% Silver -2.70% Platinum -3.21% Palladium -3.10% Copper +0.15% Brent Crude +0.29% Crude Oil WTI +0.34%

TODAY'S MARKET BRIEF JSE 🇿🇦 JSE All Share: +1.03% JSE Top 40: +0.99% Industrial 25: +0.23% Financial 15: +1.48% Resource 10: +1.28% Mid Cap: +0.88% Small Caps: +1.11% USDZAR: R16.64 Biggest Winners (Large Caps): - Clicks Group +2.95% - Investec Ltd +2.84% - Investec PLC +2.69% - Sibanye-Stillwater +2.36% - Standard Bank +2.35% Biggest Losers (Large Caps): - Sasol -3.51% - Anheuser-Busch InBev -2.69% - Prosus -1.20% - Naspers -1.03% - Vodacom -0.75% USA 🇺🇸 Dow Jones +0.19% S&P500 +0.70% Nasdaq +0.98% (Note markets are still open) Rest of the world Dax 🇩🇪 +1.11% CAC 40 🇫🇷 +0.93% AEX 🇳🇱 +0.24% Euro Stoxx 50 🇪🇺 +0.92% Nikkei 225 🇯🇵 -0.80% Hang Seng 🇭🇰 +0.51% KOSPI 🇰🇷 -1.46% Commodities Gold +0.59% Silver +0.47% Platinum -1.32% Palladium +0.52% Copper +0.56% Brent Crude +0.08% Crude Oil WTI -0.59% Natural Gas -0.39% Crypto Bitcoin +0.15% Ethereum -0.27% XRP -0.09% BNB +0.61%

JSE Midday Brief 🇿🇦 JSE All Share: +1.17% JSE Top 40: +1.20% Industrial 25: +0.46% Financial 15: +1.38% Resource 10: +1.80% Mid Cap: +0.81% Small Caps: +0.88% Biggest Winners (Large Caps): - Valterra Platinum +2.79% - Impala Platinum +2.63% - Mr Price Group +2.50% - Sibanye-Stillwater +2.44% - Harmony Gold +2.39% Biggest Losers (Large Caps): - Anheuser-Busch InBev -3.46% - Sasol -2.48% - Prosus -0.46% - Bid Corporation -0.03% - Naspers +0.14% USDZAR: R16.61 Gold +0.58% Silver +0.20% Platinum -0.90% Palladium -0.48% Copper +0.41% Brent Crude -1.50% Crude Oil WTI -1.91%

JSE Morning Brief 🇿🇦 JSE All Share: +1.04% JSE Top 40: +1.08% Industrial 25: +0.49% Financial 15: +1.09% Resource 10: +1.66% Mid Cap: +0.80% Small Caps: +0.67% Biggest Winners (Large Caps): - Valterra Platinum +2.43% - Clicks Group +2.38% - Impala Platinum +2.30% - Harmony Gold +2.27% - Sibanye-Stillwater +2.25% Biggest Losers (Large Caps): - Sasol -1.26% - Naspers -0.40% - Prosus -0.17% - Anheuser-Busch InBev -0.12% - British American Tobacco +0.16% USDZAR: R16.62 Gold +0.37% Silver +0.26% Platinum -0.77% Palladium -0.95% Copper +0.04% Brent Crude -1.18% Crude Oil WTI -1.65%