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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 15 October 2019
South Africa
The JSE ended lower on Monday tracking a sell-off in European markets after a vague trade agreement made the rounds. At the closing bell, the JSE All Share lost 0.57%.
United States
Stocks on Wall Street broke a four-day winning streak on Monday amid contradicting narratives on the US-China standoff. Just after the JSE closed, the S&P 500 lost 0.02%.
Europe
European indices took a knock on Monday after a vague trade agreement between Washington and Beijing drew mixed reactions from investors. Shortly after the JSE closed, France’s CAC 40 Index lost 0.40% while Germany’s DAX was down by 0.20%.
Hong Kong
Hong Kong stocks made gains on Monday as investors cheered signs of progress in the US-China trade war, easing fears of a global recession. The Hang Seng closed 0.81% in the green.
Japan
Although investors remained troubled over the extent of the damage caused by a protracted trade war, Japanese stocks surged on easing trade tensions between two of the world’s largest economies. At 18h30, the Nikkei gained 1.15%.
Rand
The rand lost its footing against the dollar on Monday as investors continued to unravel the latest developments from the US-China trade war. At 18h35 a dollar traded at R14.79.
Precious metals
Although short on detail, optimism over a trade deal between Washington and Beijing increased risk appetite and eased the price of gold. An ounce of spot gold traded at $1 491.68 at 18h45.
Oil
Oil prices fell on the back of heightened concerns over slowing global growth and oil demand on Monday. At 18h50 a barrel of Brent crude traded at $59.17.
The JSE ended lower on Monday tracking a sell-off in European markets after a vague trade agreement made the rounds. At the closing bell, the JSE All Share lost 0.57%.
United States
Stocks on Wall Street broke a four-day winning streak on Monday amid contradicting narratives on the US-China standoff. Just after the JSE closed, the S&P 500 lost 0.02%.
Europe
European indices took a knock on Monday after a vague trade agreement between Washington and Beijing drew mixed reactions from investors. Shortly after the JSE closed, France’s CAC 40 Index lost 0.40% while Germany’s DAX was down by 0.20%.
Hong Kong
Hong Kong stocks made gains on Monday as investors cheered signs of progress in the US-China trade war, easing fears of a global recession. The Hang Seng closed 0.81% in the green.
Japan
Although investors remained troubled over the extent of the damage caused by a protracted trade war, Japanese stocks surged on easing trade tensions between two of the world’s largest economies. At 18h30, the Nikkei gained 1.15%.
Rand
The rand lost its footing against the dollar on Monday as investors continued to unravel the latest developments from the US-China trade war. At 18h35 a dollar traded at R14.79.
Precious metals
Although short on detail, optimism over a trade deal between Washington and Beijing increased risk appetite and eased the price of gold. An ounce of spot gold traded at $1 491.68 at 18h45.
Oil
Oil prices fell on the back of heightened concerns over slowing global growth and oil demand on Monday. At 18h50 a barrel of Brent crude traded at $59.17.
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Our daily update
Yesterday we covered the latest financial results of PSG Konsult (KST) for the interim period ending August 2019
Read the full financial overview here
- Total Income: R2.516 billion (up from R2.306 billion for the same period of the previous year)
- Total expenses: R2.026 billion (up from R1.851 billion for the same period of the previous year)
- Profit for the year: R335.475 million (up from R306.257 million for the same period of the previous year)
- Diluted earnings per share: R0.231 (up from R0.213 for the same period of the previous year)
- PE ratio: 18.4
- Dividend declared: R0.075
- Dividend yield. 1.76%
- Cash generated from operations: R311.634 million
- Cash generated from operations per share: R0.236
- Net asset value: R2.35
- So PSG Konsult is trading at 3.61 times its stated net asset value. Firms tend to trade at between 2 to 4 times its stated net asset value.
- Total assets under mangement: R228 billion
- Number of advisors: 928
- Gros written premiums: R2.718 billion
Read the full financial overview 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.
So for the month September 2019 the JSE All Share Index ended the month down -2.01%. Midway through the trading month of October 2019 and the JSE All Share Index is up by 0.79%. Question is whether it can hold on to the gains made for the rest of the month. There seems to be a softening of the trade wars rhetoric as both the USA and China looks to avoid further damage being caused to their economies
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
So for the month September 2019 the JSE All Share Index ended the month down -2.01%. Midway through the trading month of October 2019 and the JSE All Share Index is up by 0.79%. Question is whether it can hold on to the gains made for the rest of the month. There seems to be a softening of the trade wars rhetoric as both the USA and China looks to avoid further damage being caused to their economies
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