NewGold ETF gains P2.70 to trade at P297.00

Evening, here’s what happened this week on the market

Sechaba Brewery Holdings Limited gained 5t to end the day trading at P23.10 on 6 May 2024

Letshego Africa Holdings Limited lost 2t to end the day trading at P1.16, Standard Chartered Botswana Limited gained 1t to end the day trading at P5.77 on 7 May 2024

Sefalana Holding Company Limited gained 1t to end the day trading at P11.81, NewGold ETF gained P2.70 to end the day trading at P297.00 on 8 May 2024

Sefalana Holding Company Limited gained 1t to end the day trading at P11.82, Standard Chartered gained 3t to end the day trading at P5.80 on the 10 May 2024

NewGold gains P2.70

What a wild ride for NewGold, it has been very volatile the past 3 weeks seeing a increase of P11.00 and losing P8.00 last week now it gained P2.70 to end at P297 this week.

Looking at this instrument it’s quite obvious ETFs have more volatility than equities due to their high gains or losses in Pula not Thebe.

But still they are one of the best and beginner friendly assets to invest in if you focus on the long term. Stay safe.