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In this episode of Ghost Wrap, I recapped five important stories on the local market:

• Bell Equipment can take a bow, with a trading statement showing very strong earnings growth and a few weeks left this year to still achieve a further positive earnings surprise.
• MTN is a casualty of African currency weakness, which makes it vulnerable to further dollar strength and a slow Chinese recovery – complicated look-through exposures that are important to understand.
• AVI is achieving reasonable revenue growth at the moment, with a focus on margins paying off for the company.
• Truworths has demonstrated just how tough the SA consumer retail environment still is, with the UK business saving the day.
• De Beers has experienced another sharp drop in sales, with a perfect storm of macroeconomic challenges and cheaper lab-grown diamonds clearly visible in the numbers.