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We take a look at the Johannesburg Stock Exchange (JSE) trading statistics for the week ending 1 February and compare the numbers to that of a year ago.
So just how has the JSE performed in the first full trading week of the year? Has the BREXIT worries, and trade wars concerns between US and China weighed on SA's markets or not? |
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Trading statistics for the week ended 2 February 2019
So trading statements from South African companies have been weak, we have seen offers for a large number of small firms to acquire all their shares and have them delisted (the lastest being Clover that comes to mind). Read more about the offer to buy Clover at R25 a share more here
Number of trades:
Number of trades (2019): 1 571 492
Number of trades (2018): 1 548 480
% change year on year: 1.49%
Value of trades:
Value of trades (2019): R111 009 716 000
Value of trades (2018): R155 339 348 000
% change year on year: -28.5%
Foreign purchase/selling:
Net sales/Purchases (2019): - R642 953 000
Net sales/Purchases (2018): -R2 728 633 000
The trend continues for the JSE in which foreigners continue to be net sellers of shares listed on the JSE, for the full years of 2017 and 2018 foreigners were net sellers of shares listed on the JSE. So far for 2019, foreigners have sold -R14 810 724 000 since the start of the year.
JSE total market capitalisation:
Market Cap (2019): R12.972 trillion
Market Cap (2018): R15.272 trillion
% change year on year: -15.6%
So in summary number of trades increased slightly, value traded declined significantly compared to a year ago, foreigners remained net sellers of JSE listed shares and the total market capital of shares listed on the JSE is sitting at R12.972 trillion (down a whopping 15.6%) from the R15.27 trillion a year ago. And with companies such as SASOL taking a pounding after announcing massive EBITDA losses at the Lake Charles Chemicals Project (LCCP) and shares like Massmart, Mr Price, Vodacom all taking significant punishment the stock market looks to be a tough place to be for investors so far in 2019. And we predict it will just get tougher.
Key issues for the market and South Africa during 2019 so far has been and will continue to be:
Number of trades:
Number of trades (2019): 1 571 492
Number of trades (2018): 1 548 480
% change year on year: 1.49%
Value of trades:
Value of trades (2019): R111 009 716 000
Value of trades (2018): R155 339 348 000
% change year on year: -28.5%
Foreign purchase/selling:
Net sales/Purchases (2019): - R642 953 000
Net sales/Purchases (2018): -R2 728 633 000
The trend continues for the JSE in which foreigners continue to be net sellers of shares listed on the JSE, for the full years of 2017 and 2018 foreigners were net sellers of shares listed on the JSE. So far for 2019, foreigners have sold -R14 810 724 000 since the start of the year.
JSE total market capitalisation:
Market Cap (2019): R12.972 trillion
Market Cap (2018): R15.272 trillion
% change year on year: -15.6%
So in summary number of trades increased slightly, value traded declined significantly compared to a year ago, foreigners remained net sellers of JSE listed shares and the total market capital of shares listed on the JSE is sitting at R12.972 trillion (down a whopping 15.6%) from the R15.27 trillion a year ago. And with companies such as SASOL taking a pounding after announcing massive EBITDA losses at the Lake Charles Chemicals Project (LCCP) and shares like Massmart, Mr Price, Vodacom all taking significant punishment the stock market looks to be a tough place to be for investors so far in 2019. And we predict it will just get tougher.
Key issues for the market and South Africa during 2019 so far has been and will continue to be:
- Exchange Rate
- Elections (and how this will affect policies and policy implementation in South Africa)
- Crude Oil prices
- Expropriation of land without compensation (EWC)
- Sluggish economic growth and high levels of unemployment (latest unemployment rate will be published on 12 February 2019)
- Tax rates to be announced in the February 2019 budget speech.