WATCH: Stock pick — Standard Bank

Graeme Franck from PSG Wealth chose Standard Bank as his stock pick of the day.

He said Standard Bank is a high-quality bank and on a dividend yield of about 6%.

“This year alone it’s down 30%, and it’s not alone, other quality retailers are also down.… From [the point of view] … of a quality bank in the local environment … Standard Bank is the top pick.”