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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 16 July 2019
South Africa
The JSE started the week in positive territory thanks to risk-on trade and Naspers’s strong performance. At the closing bell, the All Share was 0.45% higher.
United States
On Monday, the main indices in the US opened higher as the new earnings season started on a positive note when Citigroup’s results outperformed expectations. At 19h00, the Nasdaq traded 0.59% in the green.
Europe
It was a strong start to the week for European shares on the back of upbeat Chinese data that boosted trade-sensitive German equities. The pan-European STOXX 600 Index closed the day 0.23% in the green.
Hong Kong
Asian markets rose on Monday after the release of encouraging Chinese economic data left investors positive. At 19h05, the Hang Seng stood 0.21% in the green.
Japan
Japanese markets were closed due to a public holiday.
Rand
On Monday, the local currency recorded its fourth uninterrupted day of gains as it headed to the R13.85/$ threshold, but could not quite breakthrough. At 19h05, the rand traded R13.92 against the dollar.
Precious metals
Bullion prices lost some ground on Monday due to investors flocking to equities after China released optimistic economic data. At 19h05, spot gold traded at $1 413.03 an ounce.
Oil
Oil prices slid on Monday after reports that “the impact of a tropical storm on the US Gulf Coast production and refining would be short-lived”, and that the positive, yet slow, Chinese data might hamper crude demands. At 19h05, a barrel of Brent crude was trading at $66.78.
The JSE started the week in positive territory thanks to risk-on trade and Naspers’s strong performance. At the closing bell, the All Share was 0.45% higher.
United States
On Monday, the main indices in the US opened higher as the new earnings season started on a positive note when Citigroup’s results outperformed expectations. At 19h00, the Nasdaq traded 0.59% in the green.
Europe
It was a strong start to the week for European shares on the back of upbeat Chinese data that boosted trade-sensitive German equities. The pan-European STOXX 600 Index closed the day 0.23% in the green.
Hong Kong
Asian markets rose on Monday after the release of encouraging Chinese economic data left investors positive. At 19h05, the Hang Seng stood 0.21% in the green.
Japan
Japanese markets were closed due to a public holiday.
Rand
On Monday, the local currency recorded its fourth uninterrupted day of gains as it headed to the R13.85/$ threshold, but could not quite breakthrough. At 19h05, the rand traded R13.92 against the dollar.
Precious metals
Bullion prices lost some ground on Monday due to investors flocking to equities after China released optimistic economic data. At 19h05, spot gold traded at $1 413.03 an ounce.
Oil
Oil prices slid on Monday after reports that “the impact of a tropical storm on the US Gulf Coast production and refining would be short-lived”, and that the positive, yet slow, Chinese data might hamper crude demands. At 19h05, a barrel of Brent crude was trading at $66.78.
Our daily update
Yesterday we covered the latest trading statistics published by the JSE for the trading week ended 12 July 2019. Below a snippet of the article.
JSE Trading Statistics for the week ending 12 July 2019
Number of trades:
Number of trades (2019): 1 357 079
Number of trades (2018): 923 042
% change year on year: 47.02%
Volume traded:
Volume traded (2019): 1 137 916 000
Volume of traded (2018): 1 569 960 000
% change year on year: -27.52%
Value of trades:
Value of trades (2019): R76 907 457 000
Value of trades (2018): R82 986 108 000
% change year on year: -7.32%
Foreign purchase/selling:
Net sales/Purchases (2019): -R2 712 590 000
Net sales/Purchases (2018): -R603 843 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R35.278 billion
Net sales/Purchases (2018): R16.034 billion
Read the full article here
JSE Trading Statistics for the week ending 12 July 2019
Number of trades:
Number of trades (2019): 1 357 079
Number of trades (2018): 923 042
% change year on year: 47.02%
Volume traded:
Volume traded (2019): 1 137 916 000
Volume of traded (2018): 1 569 960 000
% change year on year: -27.52%
Value of trades:
Value of trades (2019): R76 907 457 000
Value of trades (2018): R82 986 108 000
% change year on year: -7.32%
Foreign purchase/selling:
Net sales/Purchases (2019): -R2 712 590 000
Net sales/Purchases (2018): -R603 843 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R35.278 billion
Net sales/Purchases (2018): R16.034 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.
So the South African stock market is still up substantially for the year, with the only negative months so far being the month of May in which markets pulled back pretty sharply. But the markets rebounded in June with it ending up close to 5% for the month.
The JSE All Share Index is down -1.12% for the first two trading weeks of July 2019. We expect the Rand to weaken from its recent strength as we predict that the South African Reserve Bank (SARB) monetary policy committee (MPC) will cut South Africans interest rates later this month.
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
The JSE All Share Index is down -1.12% for the first two trading weeks of July 2019. We expect the Rand to weaken from its recent strength as we predict that the South African Reserve Bank (SARB) monetary policy committee (MPC) will cut South Africans interest rates later this month.
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