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PSG daily investment update 2 April 2019
Date: 2 April 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 2 April 2019
South Africa
The local bourse ended the first day of April at its highest point in six months, boosted by positive market sentiment both locally, after Moody’s postponed releasing its credit ratings report, and globally, following positive Chinese data releases. The All Share closed 1.15% up.
United States
On Monday, US markets opened on a high thanks to positive Chinese factory data released and signs of developments within the US-China trade talks. At 18h40, the Dow was 1% higher.
Europe
European shares ended the start of the week in the green thanks to the auto industry climbing right after the release of its best quarterly performance in three years. At 18h40, the pan-European STOXX 600 index was up by 1.21%.
Hong Kong
Asian shares were boosted on Monday by blue-chip companies reaching one-year highs based on signs of a recovering economy and progress between the US and China in their tariff discussions. The Shanghai index ended the day 2.58% in the green.
Japan
Japan’s markets enjoyed gains on Monday as investor sentiment rose on hopes of developments in the US-Sino trade negotiations and a lift in Chinese stocks. At 18h35, the Nikkei was 1.43% higher.
Rand
The rand shone on Monday as the best performing emerging market currency due to investor sentiment being lifted by the Moody’s decision not to release a credit ratings report of South Africa just yet. At 18h40, the rand traded at R14.19 against the dollar.
Precious metals
Gold prices fell somewhat on Monday as investors were, once again, optimistic about equity markets on the back of Chinese data calming fears of a global economic slowdown. At 18h40, spot gold was trading at $1 290.07 an ounce.
Oil
On Monday, oil prices increased due to supply being narrowed and the global economy showing signs of improvement. At 18h40, Brent crude was trading at $69.31 per barrel.
The local bourse ended the first day of April at its highest point in six months, boosted by positive market sentiment both locally, after Moody’s postponed releasing its credit ratings report, and globally, following positive Chinese data releases. The All Share closed 1.15% up.
United States
On Monday, US markets opened on a high thanks to positive Chinese factory data released and signs of developments within the US-China trade talks. At 18h40, the Dow was 1% higher.
Europe
European shares ended the start of the week in the green thanks to the auto industry climbing right after the release of its best quarterly performance in three years. At 18h40, the pan-European STOXX 600 index was up by 1.21%.
Hong Kong
Asian shares were boosted on Monday by blue-chip companies reaching one-year highs based on signs of a recovering economy and progress between the US and China in their tariff discussions. The Shanghai index ended the day 2.58% in the green.
Japan
Japan’s markets enjoyed gains on Monday as investor sentiment rose on hopes of developments in the US-Sino trade negotiations and a lift in Chinese stocks. At 18h35, the Nikkei was 1.43% higher.
Rand
The rand shone on Monday as the best performing emerging market currency due to investor sentiment being lifted by the Moody’s decision not to release a credit ratings report of South Africa just yet. At 18h40, the rand traded at R14.19 against the dollar.
Precious metals
Gold prices fell somewhat on Monday as investors were, once again, optimistic about equity markets on the back of Chinese data calming fears of a global economic slowdown. At 18h40, spot gold was trading at $1 290.07 an ounce.
Oil
On Monday, oil prices increased due to supply being narrowed and the global economy showing signs of improvement. At 18h40, Brent crude was trading at $69.31 per barrel.
Our daily update
Yesterday we covered the latest trading statistics as published by the Johannesburg Stock Exchange (JSE). Below a small snippet from the article. See the full article here.
Number of trades:
Number of trades (2019): 1 481 905
Number of trades (2018): 1 203 669
% change year on year: 23.12%
Volume traded:
Volume traded (2019): 2 295 939 000
Volume of traded (2018): 1 555 316 000
% change year on year: 47.62%
Value of trades:
Value of trades (2019): R103 145 339 000
Value of trades (2018): R97 733 761 000
% change year on year: 5.54%
We also covered the latest fuel prices that South Africans will be paying from the 3rd of April 2019. And fuel prices will be very close to record highs after latest fuel levy and road accident fund levy increases announced in the February budget speech is officially implemented.
Number of trades:
Number of trades (2019): 1 481 905
Number of trades (2018): 1 203 669
% change year on year: 23.12%
Volume traded:
Volume traded (2019): 2 295 939 000
Volume of traded (2018): 1 555 316 000
% change year on year: 47.62%
Value of trades:
Value of trades (2019): R103 145 339 000
Value of trades (2018): R97 733 761 000
% change year on year: 5.54%
We also covered the latest fuel prices that South Africans will be paying from the 3rd of April 2019. And fuel prices will be very close to record highs after latest fuel levy and road accident fund levy increases announced in the February budget speech is officially implemented.
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.
SSo the JSE All Share Index has ended every month of 2019 so far in the green. A very positive start to the year, considering all of South Africa's issues, including elections, load shedding, massive budget deficits and lack of action by the government in addressing rampant corruption in South Africa. Rising fuel prices (largely caused by a weaker exchange rate) will weigh in hard on already struggling consumers. Our question is whether the strong market performance so far in 2019 in South Africa is warranted considering all the head winds South Africans are facing?
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