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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 1 October 2019
South Africa
The JSE ended lower on Monday as investors digested news that Washington may limit its capital flows to China. The JSE All Share lost 0.69%.
United States
Notwithstanding escalating trade tensions, Wall Street indices rose on Monday following a stellar performance by Apple Inc. Just after the JSE closed, the Dow went up by 0.53%, while the S&P 500 Index gained 0.56%.
Europe
European shares were flat on Monday as investors shrugged off imminent US tariffs on European imports and to US President Donald Trump’s latest effort to limit US investments into China. Shortly after the JSE closed, the FTSE 100 had lost 0.22%.
Hong Kong
Hong Kong stocks traded higher on Monday, driven by a rally in AB InBev’s Asia-Pacific unit. However, the Hang Seng Index was on track for its worst quarterly performance in four years amid local turmoil. The Hang Seng Index gained 0.25%.
Japan
The Nikkei lost 0.56% on Monday, as simmering trade tensions weighed on sentiment.
Rand
The rand weakened against the dollar on Monday as the US-China trade spat took its toll on the local currency while investors awaited feedback from the NEC special meeting. At 18h20 a dollar traded at R15.15.
Precious metals
Gold prices fell on Monday amid contradicting narratives on the US-China standoff. This has resulted in a sell-off in equities and an uptick in bond markets. An ounce of spot gold traded at $1 470.91 at 18h30.
Oil
Oil prices rose on Monday after China increased production in September, easing apprehensions over demand. At 18h30 a barrel of Brent crude traded at $60.94.
The JSE ended lower on Monday as investors digested news that Washington may limit its capital flows to China. The JSE All Share lost 0.69%.
United States
Notwithstanding escalating trade tensions, Wall Street indices rose on Monday following a stellar performance by Apple Inc. Just after the JSE closed, the Dow went up by 0.53%, while the S&P 500 Index gained 0.56%.
Europe
European shares were flat on Monday as investors shrugged off imminent US tariffs on European imports and to US President Donald Trump’s latest effort to limit US investments into China. Shortly after the JSE closed, the FTSE 100 had lost 0.22%.
Hong Kong
Hong Kong stocks traded higher on Monday, driven by a rally in AB InBev’s Asia-Pacific unit. However, the Hang Seng Index was on track for its worst quarterly performance in four years amid local turmoil. The Hang Seng Index gained 0.25%.
Japan
The Nikkei lost 0.56% on Monday, as simmering trade tensions weighed on sentiment.
Rand
The rand weakened against the dollar on Monday as the US-China trade spat took its toll on the local currency while investors awaited feedback from the NEC special meeting. At 18h20 a dollar traded at R15.15.
Precious metals
Gold prices fell on Monday amid contradicting narratives on the US-China standoff. This has resulted in a sell-off in equities and an uptick in bond markets. An ounce of spot gold traded at $1 470.91 at 18h30.
Oil
Oil prices rose on Monday after China increased production in September, easing apprehensions over demand. At 18h30 a barrel of Brent crude traded at $60.94.
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Our daily update
We covered the latest trading statistics published by the JSE. Below a short extract from that article
JSE Trading Statistics for the week ending 27 September 2019
Number of trades:
Number of trades (2019): 1 428 815
Number of trades (2018): 1 314 151
% change year on year: 8.73%
Volume traded:
Volume traded (2019): 1 340 704 000
Volume of traded (2018): 3 174 662 000
% change year on year: -57.77%
Value of trades:
Value of trades (2019): R78 296 806 000
Value of trades (2018): R86 427 854 000
% change year on year: -9.41%
Foreign purchase/selling:
Net sales/Purchases (2019): -R7 564 114 000
Net sales/Purchases (2018): -R232 478 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R69.504 billion
Net sales/Purchases (2018): -R14.642 billion
Read the full article here
JSE Trading Statistics for the week ending 27 September 2019
Number of trades:
Number of trades (2019): 1 428 815
Number of trades (2018): 1 314 151
% change year on year: 8.73%
Volume traded:
Volume traded (2019): 1 340 704 000
Volume of traded (2018): 3 174 662 000
% change year on year: -57.77%
Value of trades:
Value of trades (2019): R78 296 806 000
Value of trades (2018): R86 427 854 000
% change year on year: -9.41%
Foreign purchase/selling:
Net sales/Purchases (2019): -R7 564 114 000
Net sales/Purchases (2018): -R232 478 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R69.504 billion
Net sales/Purchases (2018): -R14.642 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.
So for the month September 2019 the JSE All Share Index ended the day down -2.01%. While the month started off very positively it has since relinquished the gains it made and ended the month down slightly at -2.01%
There continues to be concerns about a global economic 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
So for the month September 2019 the JSE All Share Index ended the day down -2.01%. While the month started off very positively it has since relinquished the gains it made and ended the month down slightly at -2.01%
There continues to be concerns about a global economic 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