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We take a look at the Johannesburg Stock Exchange (JSE) trading statistics for the week ending 1 March 2019 and compare the numbers to that of a year ago.
So how has the JSE been performing over the last week in terms of number of trades, volume of trades or value traded? And has seller been buying or selling locally listed shares? |
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Trading statistics for the week ended 1 March 2019
So in the last week we saw the unbundling and listing of MultiChoice Group (MCG) out of Naspers (NPN) with heavy volumes being traded in the stock in the first day or two. So lets take a look at the trading statistics released by the JSE for the trading week ending 1 March 2019
Number of trades:
Number of trades (2019): 1 614 996
Number of trades (2018): 1 524 290
% change year on year: 5.95.%
Volume traded:
Volume traded (2019): 1 590 191 000
Volume of traded (2018): 1 748 242 000
% change year on year: -9.04%
Value of trades:
Value of trades (2019): R111 469 693 000
Value of trades (2018): R116 374 668 000
% change year on year: -4.21%
Foreign purchase/selling:
Net sales/Purchases (2019): - R7 136 158 000
Net sales/Purchases (2018): R930 165 000
While foreigners were small net buyers of SA listed shares during the comparative week of the previous year, they were strong net sellers of SA equities during last week, with them selling R7.13 billion in SA listed shares. And foreigners were net sellers of SA listed shares during 2017 and 2018. And the trend seems to be continuing into 2019. So far for 2019, foreigners have sold -R16.4 billion worth of SA listed shares. And this within the first two months of 2019. Clearly foreigner investors sentiment towards South African listed shares is pretty negative and it seems the negative sentiment regarding South Africa will continue (probably until past the elections). Another key factor will be the GDP numbers to be released by Stats SA tomorrow. Follow our SA GDP Page for more
JSE total market capitalisation:
Market Cap (2019): R15.88 trillion
Market Cap (2018): R14.74 trillion
% change year on year: 7.73%
So in summary number of trades increased, value and volume traded declined 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 R1588 trillion, up around 7.73% from the R14.74 trillion a year ago.
Key issues for the market and South Africa during 2019 will be:
Number of trades:
Number of trades (2019): 1 614 996
Number of trades (2018): 1 524 290
% change year on year: 5.95.%
Volume traded:
Volume traded (2019): 1 590 191 000
Volume of traded (2018): 1 748 242 000
% change year on year: -9.04%
Value of trades:
Value of trades (2019): R111 469 693 000
Value of trades (2018): R116 374 668 000
% change year on year: -4.21%
Foreign purchase/selling:
Net sales/Purchases (2019): - R7 136 158 000
Net sales/Purchases (2018): R930 165 000
While foreigners were small net buyers of SA listed shares during the comparative week of the previous year, they were strong net sellers of SA equities during last week, with them selling R7.13 billion in SA listed shares. And foreigners were net sellers of SA listed shares during 2017 and 2018. And the trend seems to be continuing into 2019. So far for 2019, foreigners have sold -R16.4 billion worth of SA listed shares. And this within the first two months of 2019. Clearly foreigner investors sentiment towards South African listed shares is pretty negative and it seems the negative sentiment regarding South Africa will continue (probably until past the elections). Another key factor will be the GDP numbers to be released by Stats SA tomorrow. Follow our SA GDP Page for more
JSE total market capitalisation:
Market Cap (2019): R15.88 trillion
Market Cap (2018): R14.74 trillion
% change year on year: 7.73%
So in summary number of trades increased, value and volume traded declined 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 R1588 trillion, up around 7.73% from the R14.74 trillion a year ago.
Key issues for the market and South Africa during 2019 will 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 (of which the latest numbers will be released tomorrow) and high levels of unemployment
- Tax increases announced in the budget speech and how it will affect South African consumers spending patterns and potentially increase inflation levels as taxes were increased by rates higher than inflation. In particular lack of bracket creep relief and higher sin taxes, fuel levies and road accident fund levies will hurt consumers.