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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 10 September 2019
South Africa
The JSE ended lower on Monday following poor performance by Naspers and gold miners. Shortly after the closing bell, the All Share was down by 0.12%.
United States
Wall Street edged higher on Monday as investors cheered the prospect of additional monetary stimulus from key central banks. The Dow was up by 0.90% shortly after the JSE closed.
Europe
An unexpected rise in German exports boosted European shares on Monday amid high expectations of additional stimulus by the European Central Bank (ECB). At about 20h15, the DAX was up by 0.28%.
Hong Kong
Asian markets were flat against a strong dollar on Monday after China introduced new stimulus measures to boost the economy amid stiff trade tariffs. The Hang Seng Index closed 0.01% in the green.
Japan
Japanese shares rose on optimism that fresh stimulus from key central banks could help avoid a global recession. The Nikkei Index closed 0.56% in the green.
Rand
The rand firmed on Monday afternoon as investors grew optimistic over the prospect of fresh monetary and fiscal stimulus. Just after the JSE closed, the rand strengthened to R14.76/$.
Precious metals
Gold prices rebounded from a two-week low recorded in the previous session on Monday, amid increased hopes of monetary policy easing. At 20h30, an ounce of spot gold traded at $1 501.17.
Oil
Oil prices went up on Monday after Saudi Arabia announced its new energy minister, a strategic move that could reinforce an output-cutting deal between Opec and other oil producers. At 20h45, a barrel of Brent crude traded at $63.01.
The JSE ended lower on Monday following poor performance by Naspers and gold miners. Shortly after the closing bell, the All Share was down by 0.12%.
United States
Wall Street edged higher on Monday as investors cheered the prospect of additional monetary stimulus from key central banks. The Dow was up by 0.90% shortly after the JSE closed.
Europe
An unexpected rise in German exports boosted European shares on Monday amid high expectations of additional stimulus by the European Central Bank (ECB). At about 20h15, the DAX was up by 0.28%.
Hong Kong
Asian markets were flat against a strong dollar on Monday after China introduced new stimulus measures to boost the economy amid stiff trade tariffs. The Hang Seng Index closed 0.01% in the green.
Japan
Japanese shares rose on optimism that fresh stimulus from key central banks could help avoid a global recession. The Nikkei Index closed 0.56% in the green.
Rand
The rand firmed on Monday afternoon as investors grew optimistic over the prospect of fresh monetary and fiscal stimulus. Just after the JSE closed, the rand strengthened to R14.76/$.
Precious metals
Gold prices rebounded from a two-week low recorded in the previous session on Monday, amid increased hopes of monetary policy easing. At 20h30, an ounce of spot gold traded at $1 501.17.
Oil
Oil prices went up on Monday after Saudi Arabia announced its new energy minister, a strategic move that could reinforce an output-cutting deal between Opec and other oil producers. At 20h45, a barrel of Brent crude traded at $63.01.
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Our daily update
We covered the latest trading statistics for the JSE yesterday. Below an extract from this article
Number of trades:
Number of trades (2019): 1 456 225
Number of trades (2018): 1 603 448
% change year on year: -9.18%
Volume traded:
Volume traded (2019): 1 592 502 000
Volume of traded (2018): 1 921 929 000
% change year on year: -17.14%
Value of trades:
Value of trades (2019): R95 730 763 000
Value of trades (2018): R127 220 842 000
% change year on year: -24.75%
Foreign purchase/selling:
Net sales/Purchases (2019): -R1 102 964 000
Net sales/Purchases (2018): -R6 147 568 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R64.185 billion
Net sales/Purchases (2018): -R5.715 billion
Read the full article here
Number of trades:
Number of trades (2019): 1 456 225
Number of trades (2018): 1 603 448
% change year on year: -9.18%
Volume traded:
Volume traded (2019): 1 592 502 000
Volume of traded (2018): 1 921 929 000
% change year on year: -17.14%
Value of trades:
Value of trades (2019): R95 730 763 000
Value of trades (2018): R127 220 842 000
% change year on year: -24.75%
Foreign purchase/selling:
Net sales/Purchases (2019): -R1 102 964 000
Net sales/Purchases (2018): -R6 147 568 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R64.185 billion
Net sales/Purchases (2018): -R5.715 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.
For the month of September 2019 so far the JSE All Share Index is dup 0.61% for this period.
There are continued and growing concerns about a global 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
For the month of September 2019 so far the JSE All Share Index is dup 0.61% for this period.
There are continued and growing concerns about a global 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