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In this update we take a look at the latest JSE market statistics updated (for the week ending 1 June 2018). And we place particular emphasis on the buying and selling behaviour of shares by foreigners as this provides a glimpse of the sentiment of foreign investors of the South African stock market.
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Are foreigners buying or selling SA listed shares?
The graphic below shows the "net buying/net selling"graph from foreign investors over the last number of weeks. A positive value shows foreigners were net buyers (bought more Rand value worth of shares than what they sold) during a particular week, while a negative value shows that foreigners sold more Rand value worth of shares than what they bought.
Strong positive values shows positive sentiment towards South African stocks and its stock market, while negative values shows negative sentiment towards South African markets.
Strong positive values shows positive sentiment towards South African stocks and its stock market, while negative values shows negative sentiment towards South African markets.
While the graphic above shows that sentiment in recent weeks have been rather negative and that foreigners have been net sellers of JSE listed shares for the last 4 weeks in a row, it is not all bad news, as the net buying/net selling for the year to date (YTD) is still positive and makes for a lot better reading than last year. The net buying YTD for 2018 and 2017 for the same time period is shown below:
Total trade of shares on the JSE so for in 2018 is well over R2.4trillion and is significantly higher than the value of shares traded at the same time list year. The below shows the total Rand value of shares traded so far in 2018 (as well as for 2017 for the same time period).
- 2018: R12 891 110 882
- 2017: -R72 534 570 936
Total trade of shares on the JSE so for in 2018 is well over R2.4trillion and is significantly higher than the value of shares traded at the same time list year. The below shows the total Rand value of shares traded so far in 2018 (as well as for 2017 for the same time period).
- 2018: R2 470 200 012 284
- 2017: R2 167 113 579 857