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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 30 July 2019
South Africa
The JSE ended higher on Monday afternoon ahead of the US-China trade negotiations set to take place this week, as markets remain hopeful that progress will be made. Shortly after the closing bell, the All Share was up by 0.81%.
United States
US markets struggled for direction on Monday dragged by a poor performance by technology stocks on the one hand, and somewhat lifted by a rise in Apple Inc shares on the other hand, ahead of the Federal Reserve’s (Fed) policy meeting later this week. At 17h40, the S&P 500 was trading at 0.16% in the red.
Europe
European shares traded higher on Monday boosted by an upsurge on the London Stock Exchange after the operator confirmed talks of an acquisition deal to purchase financial data firm Refinitiv Holdings. At 17h45, the FTSE 100 was 1.84% in the green.
Hong Kong
Shares in Hong Kong traded lower on Monday following a poor performance by the property sector amid intense protests led by anti-government activists. At 17h50, the Hang Seng lost 1.03%.
Japan
Japanese stocks declined on Monday as investors exercised caution ahead of the release of a myriad of earnings reports later this week. At the closing bell, the Nikkei had lost 0.19%.
Rand
The rand endured a choppy session on Monday as markets continued to digest news that Fitch revised SA’s outlook to negative amid concerns over slow GDP growth and continued fiscal support for state-owned entities. At 17h55, the rand traded at R14.20 against the dollar.
Precious metals
Gold prices remained stable on Monday as investors exercised caution ahead of this week’s Fed meeting where additional interest rate cuts are anticipated. At 18h00, spot gold was trading in the red at $1 420.75 an ounce.
Oil
Oil prices surged on Monday as investors remained hopeful that the Fed would lower borrowing costs in response to a global slowdown in economic growth. At 18h15, a barrel of Brent crude was trading at $63.38.
The JSE ended higher on Monday afternoon ahead of the US-China trade negotiations set to take place this week, as markets remain hopeful that progress will be made. Shortly after the closing bell, the All Share was up by 0.81%.
United States
US markets struggled for direction on Monday dragged by a poor performance by technology stocks on the one hand, and somewhat lifted by a rise in Apple Inc shares on the other hand, ahead of the Federal Reserve’s (Fed) policy meeting later this week. At 17h40, the S&P 500 was trading at 0.16% in the red.
Europe
European shares traded higher on Monday boosted by an upsurge on the London Stock Exchange after the operator confirmed talks of an acquisition deal to purchase financial data firm Refinitiv Holdings. At 17h45, the FTSE 100 was 1.84% in the green.
Hong Kong
Shares in Hong Kong traded lower on Monday following a poor performance by the property sector amid intense protests led by anti-government activists. At 17h50, the Hang Seng lost 1.03%.
Japan
Japanese stocks declined on Monday as investors exercised caution ahead of the release of a myriad of earnings reports later this week. At the closing bell, the Nikkei had lost 0.19%.
Rand
The rand endured a choppy session on Monday as markets continued to digest news that Fitch revised SA’s outlook to negative amid concerns over slow GDP growth and continued fiscal support for state-owned entities. At 17h55, the rand traded at R14.20 against the dollar.
Precious metals
Gold prices remained stable on Monday as investors exercised caution ahead of this week’s Fed meeting where additional interest rate cuts are anticipated. At 18h00, spot gold was trading in the red at $1 420.75 an ounce.
Oil
Oil prices surged on Monday as investors remained hopeful that the Fed would lower borrowing costs in response to a global slowdown in economic growth. At 18h15, a barrel of Brent crude was trading at $63.38.
Our daily update
Yesterday we covered the latest trading statistics published by the Johannesburg Stock Exchange. Below a short extract from that article.
Number of trades:
Number of trades (2019): 1 491 420
Number of trades (2018): 1 007 416
% change year on year: 48.04%
Volume traded:
Volume traded (2019):1 380 979 000
Volume of traded (2018): 1 401 073000
% change year on year: -1.43%
Value of trades:
Value of trades (2019): R94 084 428 000
Value of trades (2018): R80 302 743 000
% change year on year: 17.16%
Foreign purchase/selling:
Net sales/Purchases (2019): -R5 902 269 000
Net sales/Purchases (2018): -R674 087 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R39.02 billion
Net sales/Purchases (2018): R14.28 billion
Read the full article here
Number of trades:
Number of trades (2019): 1 491 420
Number of trades (2018): 1 007 416
% change year on year: 48.04%
Volume traded:
Volume traded (2019):1 380 979 000
Volume of traded (2018): 1 401 073000
% change year on year: -1.43%
Value of trades:
Value of trades (2019): R94 084 428 000
Value of trades (2018): R80 302 743 000
% change year on year: 17.16%
Foreign purchase/selling:
Net sales/Purchases (2019): -R5 902 269 000
Net sales/Purchases (2018): -R674 087 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R39.02 billion
Net sales/Purchases (2018): R14.28 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.
So the South African stock market is still up substantially for the year, with the only negative months so far being the month of May in which markets pulled back pretty sharply. But the markets rebounded in June with it ending up close to 5% for the month.
The JSE All Share Index is down -0.19% for the month of July 2019. Can the JSE All Share index close the month of July 2019 in the green. If it ends the month in the red, it will be only the 2nd month of 2019 which ended in the red. It is going to be close. The recent weakness in the Rand has given the Rand hedge stocks a significant boost.
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
The JSE All Share Index is down -0.19% for the month of July 2019. Can the JSE All Share index close the month of July 2019 in the green. If it ends the month in the red, it will be only the 2nd month of 2019 which ended in the red. It is going to be close. The recent weakness in the Rand has given the Rand hedge stocks a significant boost.
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