SASOL (SOL)

Production and Sales update: Oil hedge cover ratio for 2023 reduced to ~40%(It was ~69% for financial year 2022). The energy business saw a much stronger performance, and mining operations are improving. Chemicals external sales revenue was up 28% y/y, driven by better sales prices, but offset by lower sales volumes. The share traded 2.5x normal volumes on Friday and is 6.5% from its 52 week highs.