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PSG daily investment update 28 March 2019
Date: 28 March 2019 Category: Stock Market |
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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 rant at the end.
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Short summary of PSG's market commentary for 28 March 2019
South Africa
The JSE recorded broad-based gains on Wednesday afternoon following a strong performance by the banking sector. At 18h50, the All Share had gained 1.08%.
United States
Shares in the US traded lower on Wednesday as investors expressed concerns over a global economic slowdown and an inverted yield curve that prompted investors to discard risk assets. At 18h55, the Dow Jones had lost 0.49%.
Europe
European shares were flat on Wednesday as bond yields declined and investors anticipated the outcome of votes on a series of alternative Brexit options in parliament. At 19h00, the pan-European STOXX 600 index was flat at 0.01%.
Hong Kong
Chinese stocks rallied from a series of declines on Wednesday as investors expected Beijing to implement measures that will boost growth following the release of data that showed a decline in industrial profits for more than seven years. The Hang Seng ended the day 0.56% in the green.
Japan
Succumbing to the pressure from companies going ex-dividend, the Nikkei plunged on Wednesday to end the day 0.23% in the red.
Rand
The rand plunged to its lowest level against the greenback in over two months on Wednesday as pressure mounted on emerging market currencies, more so on the Turkish lira. At 19h20, the rand traded at R14.55 against the dollar.
Precious metals
The price of gold went up on Wednesday as declining bond yields signalled concern over a slowdown in global economic growth and boosted the appeal of safe-haven assets. At 19h30, spot gold was trading at $1 311.31 an ounce.
Oil
Ongoing disruptions to Venezuela's crude exports boosted oil prices on Wednesday, tightening global inventories in the process. At 19h35, a barrel of Brent crude was trading at $67.80.
The JSE recorded broad-based gains on Wednesday afternoon following a strong performance by the banking sector. At 18h50, the All Share had gained 1.08%.
United States
Shares in the US traded lower on Wednesday as investors expressed concerns over a global economic slowdown and an inverted yield curve that prompted investors to discard risk assets. At 18h55, the Dow Jones had lost 0.49%.
Europe
European shares were flat on Wednesday as bond yields declined and investors anticipated the outcome of votes on a series of alternative Brexit options in parliament. At 19h00, the pan-European STOXX 600 index was flat at 0.01%.
Hong Kong
Chinese stocks rallied from a series of declines on Wednesday as investors expected Beijing to implement measures that will boost growth following the release of data that showed a decline in industrial profits for more than seven years. The Hang Seng ended the day 0.56% in the green.
Japan
Succumbing to the pressure from companies going ex-dividend, the Nikkei plunged on Wednesday to end the day 0.23% in the red.
Rand
The rand plunged to its lowest level against the greenback in over two months on Wednesday as pressure mounted on emerging market currencies, more so on the Turkish lira. At 19h20, the rand traded at R14.55 against the dollar.
Precious metals
The price of gold went up on Wednesday as declining bond yields signalled concern over a slowdown in global economic growth and boosted the appeal of safe-haven assets. At 19h30, spot gold was trading at $1 311.31 an ounce.
Oil
Ongoing disruptions to Venezuela's crude exports boosted oil prices on Wednesday, tightening global inventories in the process. At 19h35, a barrel of Brent crude was trading at $67.80.
Our daily update
So who doesnt like peanut butter? Yesterday we compared the average price paid per 400g tub of peanut butter per province and found the following. The summary below shows the average price per 400g tub of peanut butter per province for February 2019 (from highest price to lowest price)
See the full article here.
- Free State: R 29.09
- KwaZulu-Natal: R 29.03
- North West: R 28.72
- Mpumalanga: R 28.58
- Gauteng: R 28.00
- Western Cape: R 27.68
- Northern Cape: R 27.37
- Eastern Cape: R 27.24
See 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 JSE All Share have seen two significantly red trading days in the last week, as fears about a slow down in China grips the markets. In addition to this, there is concerns that a slow down in China will affect the USA and a possible recession looming for the world's biggest economy. With all this in mind the JSE All Share is up a mere 0.29% for the month of March so far. While it ended January and February in the green, it looks like March will be a red month of the JSE All Share.
And while there overall returns of the JSE All Share so far in 2019 has been positive (as shown by our 2019 Calendar tracker) we are losing out in Dollar terms. 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
And while there overall returns of the JSE All Share so far in 2019 has been positive (as shown by our 2019 Calendar tracker) we are losing out in Dollar terms. 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