Sasol Limited (ADR) (SSL) was Upgraded by Morgan Stanley to ” Overweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Aug 10, 2016.
Sasol Limited (ADR) opened for trading at $27.3 and hit $27.54 on the upside on Monday, eventually ending the session at $27.32, with a gain of 0.92% or 0.25 points. The heightened volatility saw the trading volume jump to 2,00,555 shares. Company has a market cap of $17,865 M.
Sasol Limited (Sasol) is a holding company. The Company is an integrated energy and chemicals company that develops and commercializes technologies builds and operates facilities to produce a range of product streams including liquid fuels high-value chemicals and low-carbon electricity. The Company operates through six segments: Mining Exploration and Production International Energy Base Chemicals Performance Chemicals and Other. Through Sasol technologies and processes the Company produces various products such as fuel components chemical components and co-products. From these products and processes it delivers diesel petrol (gasoline) naphtha kerosene (jet fuel) liquid petroleum gas (LPG) olefins alcohols polymers solvents surfactants co-monomers ammonia methanol crude tar acids sulfur illuminating paraffin bitumen and fuel oil. Its products are used in the production process of numerous everyday products made across the world.