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PSG daily investment update 30 April 2019
Date: 30 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 30 April 2019
South Africa
The local market had a slow Monday as investors held back before Wednesday’s public holiday and ahead of global economic releases in the week. At the close of trade, the All Share was 0.39% in the negative.
United States
The S&P 500 enjoyed its highest trading session on Monday since September 2019. Improved consumer spending data and optimistic earnings reports, which uplifted investor sentiment around the current bull market, boosted the index. At 20h10, the S&P 500 was 0.47% up.
Europe
Albeit flat, European markets started the week in the green lifted by Banco Santander's gains and as investors took positive news away from Spain’s elections over the weekend. At the close of trade, the STOXX 600 was 0.08% higher.
Hong Kong
Hong Kong shares rose on Monday on the back of strong US growth in the first quarter and Chinese industrials showing profits for the first time in four months. The Hang Seng closed 0.97% in the green.
Japan
Markets were closed for a public holiday.
Rand
The rand strengthened marginally on Monday due to positive economic data released by the US on Friday and by China on Monday. At 20h10, the rand traded at R14.32 against the dollar.
Precious metals
The positive news for equity markets spelt losses for bullion prices on Monday as investors once again turned to risk-on trade. At 20h10, spot gold was trading at $1 279.09 an ounce.
Oil
On Monday, Brent crude prices regained some of Friday’s losses, shaking off US president Donald Trump’s request that OPEC increase production. At 20h10, Brent crude was trading at $72.28 per barrel.
The local market had a slow Monday as investors held back before Wednesday’s public holiday and ahead of global economic releases in the week. At the close of trade, the All Share was 0.39% in the negative.
United States
The S&P 500 enjoyed its highest trading session on Monday since September 2019. Improved consumer spending data and optimistic earnings reports, which uplifted investor sentiment around the current bull market, boosted the index. At 20h10, the S&P 500 was 0.47% up.
Europe
Albeit flat, European markets started the week in the green lifted by Banco Santander's gains and as investors took positive news away from Spain’s elections over the weekend. At the close of trade, the STOXX 600 was 0.08% higher.
Hong Kong
Hong Kong shares rose on Monday on the back of strong US growth in the first quarter and Chinese industrials showing profits for the first time in four months. The Hang Seng closed 0.97% in the green.
Japan
Markets were closed for a public holiday.
Rand
The rand strengthened marginally on Monday due to positive economic data released by the US on Friday and by China on Monday. At 20h10, the rand traded at R14.32 against the dollar.
Precious metals
The positive news for equity markets spelt losses for bullion prices on Monday as investors once again turned to risk-on trade. At 20h10, spot gold was trading at $1 279.09 an ounce.
Oil
On Monday, Brent crude prices regained some of Friday’s losses, shaking off US president Donald Trump’s request that OPEC increase production. At 20h10, Brent crude was trading at $72.28 per barrel.
Our daily update
Below a snippet of of the latest JSE market trading statistics for the week ending 26 April 2019. We update the latest trading statistics as published by the JSE on weekly basis and track number of traders, volumes and values traded to name but a few statistics. See more below.
Number of trades:
Number of trades (2019): 853 011
Number of trades (2018): 907 133
% change year on year: -5.97%
Volume traded:
Volume traded (2019): 763 930 000
Volume of traded (2018): 1 071 438 000
% change year on year: -28.70%
Value of trades:
Value of trades (2019): R59 229 648 000
Value of trades (2018): R76 499 897 000
% change year on year: -22.58%
Read the full article here.
Number of trades:
Number of trades (2019): 853 011
Number of trades (2018): 907 133
% change year on year: -5.97%
Volume traded:
Volume traded (2019): 763 930 000
Volume of traded (2018): 1 071 438 000
% change year on year: -28.70%
Value of trades:
Value of trades (2019): R59 229 648 000
Value of trades (2018): R76 499 897 000
% change year on year: -22.58%
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 JSE All Share Index has increased by 3.87% for the month of April 2019. This is by far the strongest showing of any of the months of 2019 and the JSE All Share Index looks set to provide investors with four straight months of positive returns. See our 2019 Calendar tracker for more.
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
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