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In our continued efforts to give our readers a broad number of views, opinions and information, we continue to provide PSG's daily market updates and add our own daily inputs in at the end.
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Short summary of PSG's market commentary for 26 September 2019
South Africa
The JSE fell on Wednesday, as talks of the potential impeachment of US President Donald Trump weighed on global investor sentiment. Locally, government’s total gross loan debt increased to 58.30% of annual GDP at the end of June 2019, Reserve Bank data showed. The local bourse closed down 1.34%.
United States
Wall Street had a sluggish start yesterday as the US House of Representatives announced an impeachment investigation into Trump on Tuesday over allegations that he sought help from Ukraine to investigate former US vice-president Joe Biden. Shortly after the JSE closed, the Dow, however, had added 0.52%.
Europe
European shares closed lower on Wednesday, with technology stocks leading losses, while an impeachment inquiry into Trump raised concerns of political uncertainty in the world’s largest economy. The DAX lost 0.59%.
Hong Kong
Stocks in China and Hong Kong weakened on Wednesday after Washington and Beijing exchanged tough words and doused hopes of a trade deal. The Shanghai Composite Index slipped 1%, while the Hang Seng index dropped 1.39% at 19h00.
Japan
Japanese shares fell on Wednesday after US lawmakers called for an impeachment inquiry into Trump, while weak US consumer confidence data heightened worries over the Sino-US trade war. The Nikkei dropped 0.36%.
Rand
The rand weakened past R15/$ on Wednesday as markets digested news of an impeachment inquiry for Trump. At 19h00 the rand traded at R15.01 to the US dollar.
Precious metals
Gold peaked on Wednesday as an impeachment inquiry into the US President raised political uncertainty in the world's largest economy, triggering a broader sell-off in equity markets. An ounce of spot gold traded at $1 505.49 at 19h00.
Oil
Oil prices fell yesterday on worries that fuel demand could fall after Trump doused recent optimism over China-US trade talks, at a time of rising US crude oil stockpiles. At 19h00 a barrel of Brent crude traded at $62.09.
The JSE fell on Wednesday, as talks of the potential impeachment of US President Donald Trump weighed on global investor sentiment. Locally, government’s total gross loan debt increased to 58.30% of annual GDP at the end of June 2019, Reserve Bank data showed. The local bourse closed down 1.34%.
United States
Wall Street had a sluggish start yesterday as the US House of Representatives announced an impeachment investigation into Trump on Tuesday over allegations that he sought help from Ukraine to investigate former US vice-president Joe Biden. Shortly after the JSE closed, the Dow, however, had added 0.52%.
Europe
European shares closed lower on Wednesday, with technology stocks leading losses, while an impeachment inquiry into Trump raised concerns of political uncertainty in the world’s largest economy. The DAX lost 0.59%.
Hong Kong
Stocks in China and Hong Kong weakened on Wednesday after Washington and Beijing exchanged tough words and doused hopes of a trade deal. The Shanghai Composite Index slipped 1%, while the Hang Seng index dropped 1.39% at 19h00.
Japan
Japanese shares fell on Wednesday after US lawmakers called for an impeachment inquiry into Trump, while weak US consumer confidence data heightened worries over the Sino-US trade war. The Nikkei dropped 0.36%.
Rand
The rand weakened past R15/$ on Wednesday as markets digested news of an impeachment inquiry for Trump. At 19h00 the rand traded at R15.01 to the US dollar.
Precious metals
Gold peaked on Wednesday as an impeachment inquiry into the US President raised political uncertainty in the world's largest economy, triggering a broader sell-off in equity markets. An ounce of spot gold traded at $1 505.49 at 19h00.
Oil
Oil prices fell yesterday on worries that fuel demand could fall after Trump doused recent optimism over China-US trade talks, at a time of rising US crude oil stockpiles. At 19h00 a barrel of Brent crude traded at $62.09.
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Our daily update
JSE Trading Statistics for the week ending 20 September 2019
Number of trades:
Number of trades (2019): 2 182 087
Number of trades (2018): 1 680 093
% change year on year: 29.88%
Volume traded:
Volume traded (2019): 2 674 082 000
Volume of traded (2018): 3 001 774 000
% change year on year: -10.92%
Value of trades:
Value of trades (2019): R212 693 278 000
Value of trades (2018): R162 929 634000
% change year on year: 30.54%
Foreign purchase/selling:
Net sales/Purchases (2019): -R954 252 000
Net sales/Purchases (2018): -R5 717 805 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R62.276 billion
Net sales/Purchases (2018): -R14.410 billion
Read the full article here
Number of trades:
Number of trades (2019): 2 182 087
Number of trades (2018): 1 680 093
% change year on year: 29.88%
Volume traded:
Volume traded (2019): 2 674 082 000
Volume of traded (2018): 3 001 774 000
% change year on year: -10.92%
Value of trades:
Value of trades (2019): R212 693 278 000
Value of trades (2018): R162 929 634000
% change year on year: 30.54%
Foreign purchase/selling:
Net sales/Purchases (2019): -R954 252 000
Net sales/Purchases (2018): -R5 717 805 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R62.276 billion
Net sales/Purchases (2018): -R14.410 billion
Read the full article here
Our JSE All Share index daily performance calendar
Visit our JSE Calendar tracker page for a expanded version of the calendar below
The graphic below provides the daily returns of the JSE All Share Index (J203) on a calendar chart. Provides a great overview of the All share index over the course of the month. It will be updated daily with our daily investment update as received from PSG.
While the month of August was negative by -1.73% lets see what the month of September holds for the South African stock market.
So with a shortened trading week lying ahead for South Africa the JSE All Share Index is down by -1.93% for the month of September 2019 so far. While the month started off very positively it has since relinquished the gains it made and is now down by almost 25 with just a few more trading days to go in the month.
There continues to be concerns about a global economic slow down largely driven by the trade ware between the US and China. Continued tariffs by the US on Chinese goods and the retaliation by China by raising tariffs on US goods keeps hurting markets and global economic growth, as the world's two biggest economies continue to stand off in this trade war.
For more on daily market movements see our 2019 Calendar tracker.
But we as South African investors are losing out in Dollar terms. Largely due to continued Rand weakness not only over the short term but over the last couple of years. We continue to advise investors to take money out of South Africa and invest it offshore. Looking for ideas for investments to make? Go read this article
So with a shortened trading week lying ahead for South Africa the JSE All Share Index is down by -1.93% for the month of September 2019 so far. While the month started off very positively it has since relinquished the gains it made and is now down by almost 25 with just a few more trading days to go in the month.
There continues to be concerns about a global economic slow down largely driven by the trade ware between the US and China. Continued tariffs by the US on Chinese goods and the retaliation by China by raising tariffs on US goods keeps hurting markets and global economic growth, as the world's two biggest economies continue to stand off in this trade war.
For more on daily market movements see our 2019 Calendar tracker.
But we as South African investors are losing out in Dollar terms. Largely due to continued Rand weakness not only over the short term but over the last couple of years. We continue to advise investors to take money out of South Africa and invest it offshore. Looking for ideas for investments to make? Go read this article